Only 14 percent of families in the next 45 have ownership in a private business, but for those that do, this type of wealth constitutes a substantial portion of their assets – the average amount of this business equity is nearly $ representing more than one-third of their net worth.
A key element of the institutional framework is the Stability and Growth Pact. The Pact provides a solid foundation for sound fiscal policies in individual countries as well as in the euro area as a whole.