Example collocations logo

Compact in sentence

285 examples of Compact in a sentence

Admittedly, the Fiscal Compact needs some modifications to ensure that the penalties for noncompliance are automatic, prompt, and not too severe to be credible.
A tighter Fiscal Compact would practically eliminate the risk of default.
While 25 of the EU’s 27 governments agreed to the “fiscal compact,” aimed at imposing fiscal discipline on member states, there is no guarantee that governments will not violate the rules, just as they violated those established by the Maastricht Treaty.
Otherwise, the new fiscal compact will lack credibility and eventually flounder.
The destruction of the mosque thus felt like an utter betrayal of the compact that had sustained the Muslim community as a vital part of India’s pluralist democracy.
A well-developed “eco-city” framework was presented at this year’s Forum to counter both concerns, and features incentives promoting a new urbanization model that stresses compact land usage, mixed modes of local transportation, lighter building materials, and non-carbon energy sources.
Then, Pierre Moscovici, the finance minister, said that Europe might grant France a delay in meeting the 3%-of-GDP budget-deficit target mandated from this year onward under the eurozone’s newly ratified fiscal compact.
Bailouts from the European Stability Mechanism represent the clearest example of this, with the fiscal compact now committing signatories to tight deficit targets and structural adjustment.
One possible vehicle for accomplishing this is the independent councils that the EU’s so-called fiscal compact has now made mandatory for every country in the eurozone.
Fiscal councils should not be put in the position of trying to interpret the letter of the fiscal compact.
In a few cases, fiscal councils might impose conditions that are even more stringent than current EU rules stipulate, but they would be limited to enforcing the structural balance that each signatory of the fiscal compact has enshrined in its constitution or in equally binding legislation.
A comparison with the US, as well as with Japan, also undercuts the common perception that the eurozone’s fiscal rules, including the (in)famous Stability and Growth Pact and the 2012 “fiscal compact,” have been irrelevant.
The intention was understandable: if everyone in the world exchanged most light bulbs for energy-efficient compact fluorescent light bulbs (CFLs), we could save 3.5% of all electricity, or 1% of our CO2 emissions.
Without it, the eurozone’s “fiscal compact,” agreed last December, cannot possibly work.
To be realistic, the current fiscal compact governing the eurozone must be taken as the starting point.
Notably, the compact should count commercial as well as financial debts, and government budgets should distinguish between investments that pay and current spending.
Should a country violate the fiscal compact, it would wholly or partly forfeit its reward and be obliged to pay interest on the debt owned by the SPV.
By rewarding good behavior, the fiscal compact would no longer constitute a deflationary debt trap, and the outlook would radically improve.
World leaders should first renew their commitment to stronger global governance of migration, and agree to hold a first-ever intergovernmental conference in 2018 to focus exclusively on creating a new global compact on migration, as UN Secretary-General Ban Ki-moon proposed earlier this year.
The mere possibility that UN member states may settle on a new global compact is a significant development.
My own country, Bangladesh, initiated the idea of a global compact specifically to improve migration governance.
As the current Chair of the Global Forum on Migration and Development, Bangladesh is committed to ensuring that the lessons learned inform the global compact.
To make matters worse, in exchange for these loans, Merkel obtained much greater control over all eurozone governments’ budgets through a demand-sapping, democracy-constraining fiscal straitjacket: tougher eurozone rules and a fiscal compact.
To advance these goals, the Education Commission proposes a financing compact whereby low- and middle-income countries would agree to increase domestic public expenditure on education from an average of about 4% of GDP today to 5.8% of GDP by 2030, while implementing reforms that ensure the efficient use of resources.
ODA would have an important role to play in delivering on the compact.
To stem the nationalist tide, mainstream parties urgently need to devise a new social compact that addresses the mounting sense of insecurity among older voters.
Finally, the international community is preparing to adopt the first-ever Global Compact for Safe, Orderly, and Regular Migration.
When the compact is finalized later this year in Morocco, it must reflect the priorities that Africa’s leaders have already committed to.
A new fiscal compact – and new governments in Greece, Italy, and Spain – spurred hope of credible commitment to austerity and structural reform.
And now, thanks to the fiscal compact, even the eurozone’s core will be forced into front-loaded recessionary austerity.
BackNext