European governance has accelerated its interventions with the "European semester" of 2010 and the "six pack" of 2011 to arrive, finally, to "fiscal compact" of 2012. The Fiscal compact represents the most recent European decision on stability control of public finances with the introduction of strict rules on the reduction of the budget deficit and public debt. This paper explores those measures related to the budgetary constraints and, in particular, the rules and the effects of "fiscal compact". In addition the problem of economic growth is addressed alongside with the decisions about budgetary rigour. The European measures to promote growth are staked into account.