Wednesday, 7 December 2011

Will this be a new treaty?

There is some discussion as to whether the planned tightening of fiscal rules or, in effect, a creation of fiscal integration will be a new treaty or not. If it is then, according to the EU's own rules, it needs a unanimous agreement and implementation in all the member states. If not, as the President of the European Council appears to think, then far-reaching changes will be introduced by just a few of the members agreeing.

More here.


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