ELI5: Explain Like I'm 5

Sixpack (European Union law)

Okay kiddo, so the six pack is a group of laws made by a group of countries in Europe called the European Union.

These laws were made to help keep track of money and make sure everyone is following the same rules when it comes to spending and saving money.

It’s kind of like when your parents give you a piggy bank to keep your allowance in. They want you to save money and only spend it on things that are important or that you really want.

The six pack does something similar but for entire countries! It helps them save and spend their money in a responsible way so that they don’t run out of it or spend too much.

The six pack laws also make sure that everyone is playing by the same rules and not cheating when it comes to borrowing money.

Overall, it helps countries work together and be better with their money so that they can all be happy and successful.