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But the budget deficit limits remained the same for Mr. Jospin as they had been for his predecessor.
The nations had promised to tighten the rules spelling out action against countries that exceeded budget deficit limits of 3 percent of gross domestic product.
But France and Germany repeatedly flouted budget deficit limits and then pushed through major concessions early this decade that added up to a significant relaxation.
The agreement calls for tightening the enforcement rules against countries that exceed budget deficit limits of 3 percent of gross domestic product.
During talks in Luxembourg led by Herman Van Rompuy, president of the European Council, ministers agreed on the need to impose more sanctions to deter countries from breaking budget deficit limits or taking on excessive debt.
But, increasingly, Dutch economists are also blaming the austerity measures the government began implementing in late 2010 in an effort to reach the EU's 3% budget deficit limits, a goal that seems to recede ever further, even as the cuts continue.The S&P report does not address the thorny question of whether austerity has ultimately had a perverse effect.
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At the same time, the burgeoning federal budget deficit limited the amount of funding available for social programs.
In the Netherlands, too, there are growing calls for the terms of the fiscal pact to be ignored – most notably the 3% budget deficit limit.
I can't think of another country that would have accepted the wage and budget cuts needed to get under the 3% budget deficit limit.
Italy's youngest prime minister said the money for the measures would come from spending cuts, and insisted he would keep the country within the 3% budget deficit limit set by Brussels.
The government confirmed that it plans to meet the 3.8% budget deficit limit agreed under the terms of the country's 2008 bail-out by the IMF and the EU.
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