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Infrastructure scheme set for go-ahead before EU summit

21.05.12 @ 17:18

... campaign on a promise to open Berlin's budget-balancing fiscal compact treaty. Meanwhile, Greece is in caretaker mode ahead of the ...

Merkel suffers major defeat in German state vote

14.05.12 @ 09:29

... cut budget deficits. The message culminated in the recently-signed fiscal compact treaty, which enshrines balanced budgets into national law. Sunday's ... political authority for continuing to impose Germany's view of fiscal prudence across Europe. The result also comes just a week ...

TickerGermany's vote on fiscal treaty postponed

09.05.12 @ 17:21

... reports that the German Bundestag will not vote on the fiscal compact treaty or the permanent eurozone bailout fund, the ESM, until ...

OpinionThe promise and challenge of Francois Hollande

09.05.12 @ 09:20

... compact’ to balance the fiscal compact and to be more flexible on how quickly member states must cut spending to reach their fiscal targets ... favour of a comprehensive strategy for growth, job-creation and fiscal sustainability that restores the economic vitality of France while helping ...

Greece urged to uphold austerity as coalition talks begin

07.05.12 @ 18:47

... same applies to concessions on adjusting the EU's recent fiscal compact treaty, one of the main demands of France's newly ...

Hollande elected next president of France

06.05.12 @ 20:08

... when he says he wants to renegotiate the Germany-driven fiscal compact treaty - a short document signed early this year by 25 ...

Draghi: euro countries to lose even more sovereignty

04.05.12 @ 07:13

... contradiction between a growth compact and a fiscal compact," the Italian banker said in reference to the treaty on fiscal discipline signed in March by 25 EU leaders. Draghi himself had earlier coined the "fiscal compact" moniker. He went ...

Eurozone unemployment hits new record

02.05.12 @ 15:43

... of the unemployment situation in Europe as well as the fiscal and more broad economic situations," said the commission's social ... even as 25 member states have committed themselves to the fiscal compact treaty - a German-driven pact that enshrines balanced budgets into ...

More money for EU investment bank as leaders re-focus on growth

30.04.12 @ 21:08

... has refused to consider Hollande's demand to renegotiate its fiscal compact treaty, signed recently by 25 member states. Merkel's spokesman ... are not talking about an alternative to fiscal consolidation. The issue is not either fiscal consolidation or growth, we need both," she ...

Hollande sees his calls for 'growth pact' vindicated

26.04.12 @ 09:25

... European Central Bank chief Mario Draghi, who said a "growth compact" was the most "present" thing on his mind. "The fact ... Berlin's austerity-dominated thinking the main force behind the fiscal compact. But Hollande also noted that budgetary discipline is important and ...

Draghi urges eurozone not to give up on austerity

25.04.12 @ 15:09

... the eurozone's central bank said. He admitted that "fiscal adjustment" - a euphemism for budget cuts - is contributing to ... present in my mind is to have a 'growth compact'," he said. In this context, the only thing the ...

Brussels to breathe sigh of relief after French vote

20.04.12 @ 18:01

... 's biggest European issue is a pledge to alter the fiscal compact treaty. His talk on this has ranged from full-blown ...

TickerIrish undecided on EU budget discipline treaty

20.04.12 @ 08:51

... how to vote in the upcoming referendum on the EU fiscal compact, according to an Irish Times poll on Thursday. The referendum ...

TickerSlovenia ratifies fiscal compact

20.04.12 @ 08:50

Slovenia's parliament ratified the 'fiscal compact' on budget discipline on Thursday. Under the pact, the annual ...

Legal challenges may delay eurozone bail-out fund

17.04.12 @ 18:16

... bail-out fund - the European Stability Mechanism (ESM) - and the 'fiscal compact' on budget discipline required by Germany to agree to future ...

OpinionFiscal treaty - taking the EU in the wrong direction

17.04.12 @ 16:32

... if Irish voters were to vote in the 31 May Fiscal Compact Referendum in favour of imposing austerity rules on ourselves in ... Stability, Coordination and Governance in the Economic and Monetary Union (Fiscal Compact) Treaties. I believe that both treaties raise serious legal difficulties ...

VideoMany Irish unaware of upcoming referendum

05.04.12 @ 12:04

Prime Minister Enda Kenny says voting in favour of the fiscal compact treaty on 31 May will secure Ireland's role in ...

VideoEU's austerity drive hitting most vulnerable

21.03.12 @ 09:22

Deputy secretary general of the European Trade Union Confederation Patrick Itschert talks about the European day of mobilisation against austerity.

TickerIreland would lose influence through treaty rejection

19.03.12 @ 09:36

... RTE that Ireland would lose influence if it rejects the fiscal compact treaty in a referendum - due to be held before summer ...

Hollande 'not alone' in bid to re-open fiscal treaty

19.03.12 @ 09:30

... Ireland, where the government is organising a referendum on the fiscal pact. If a referendum is held before the French elections ... Denmark have Socialist ones - all of which subscribed to the fiscal compact without putting up resistance.

Draghi to Bundesbank: 'We are all in the same boat'

09.03.12 @ 11:45

... enshrined in the EU25's new treaty on fiscal discipline - a document pushed forward by Germany based on Draghi's "fiscal compact" suggestions.

OpinionGreece: It's the geopolitics, stupid!

09.03.12 @ 09:20

... learnt and acted upon through the 'six-pack' and the fiscal compact, both of which will now further change the Union's ...

VideoHow to sew an EU treaty

07.03.12 @ 18:03

Leaders from 25 EU countries signed the new Fiscal Compact Treaty at a summit in Brussels on 2 March 2012. Watch how the document was printed and sewed together with red ribbon before the signing ceremony.

'Grey mouse' EU chairman picked for second term

01.03.12 @ 19:53

... eurozone summits, a controversial new set-up contained in the fiscal compact treaty. "This is where trust becomes an extremely valuable currency ...

Irish to vote as treaty is outside normal EU structures

29.02.12 @ 09:27

... refer to other agreements such as intergovernmental agreements, like the Fiscal Compact is. Ireland's decision took its EU partners by surprise ... the fiscal discipline treaty had been designed to avoid a referendum in the country. Germany, which alone pushed for the fiscal compact enshrining ...

Ireland to hold referendum on fiscal compact

28.02.12 @ 17:18

... to hold a referendum on the new intergovernmental treaty on fiscal discipline demanded by Germany for future eurozone bail-outs. "The ... if the rule is not transposed properly. The so-called fiscal compact, initially planned to be an amendment to the existing EU ...

OpinionEurope needs to reconcile its two faces

28.02.12 @ 09:32

... makes this very clear. While finance ministers call for tougher fiscal consolidation by cutting unemployment benefits, employment and social affairs ministers ... the so-called "six-pack" of legislation, repeated in the Fiscal Compact treaty. Member states should take the European Parliament as an ...

This WEEK in the European Union

24.02.12 @ 17:48

... Prime Minister are expected to sign the treaty for a fiscal compact on Friday and discuss Serbia’s candidate status for EU ...

VideoTomorrow's Europe through eurosceptic eyes

21.02.12 @ 17:57

... French Professor Anne-Marie Le Pourhiet argue how the new fiscal compact treaty, an intergovernmental pact enshrining budgetary discipline at the national ...

Berlin still against boosting eurozone firewall

20.02.12 @ 17:50

... other EU member states signed up to the Berlin-pushed 'fiscal compact treaty - but its position may change after a key vote ... summit, pending the agreement on an inter-governmental treaty on fiscal discipline, demanded by Germany. EUobserver understands that Germany is still ...

Fiscal treaty stirs political disputes in EU countries

01.02.12 @ 10:20

The Czech Republic's decision to not sign up to a new fiscal discipline treaty given the nod by EU leaders on Monday (30 January) has caused parties in the ruling coalition to lock horns - but the intergovernmental pact ...

TickerCzech Republic stays out of new fiscal treaty

30.01.12 @ 21:47

... Czechs have joined the UK in staying out of the fiscal treaty because they did not get their way on participation ... of sovereignty."25 member states join and will sign the fiscal compact treaty," EU Council chief Van Rompuy tweeted.

TickerNew treaty likened to 'gothic' architecture

30.01.12 @ 18:38

... EU official at a summit in Brussels Monday likened the fiscal compact to a "gothic" structure: he said the EU Treaty is ... " believers (Schengen or eurozone members), but needs a buttress (the compact) after one member (the UK) stopped repairs on foundations.

This WEEK in the European Union

27.01.12 @ 18:08

... finalise outstanding issues on the European stability mechanism and the fiscal compact treaties. Employment will also be on the table, with ministers ... proposes transferring more powers of fiscal oversight to the EU institutions. The new intergovernmental treaty on fiscal discipline announced at the last ...

Merkel: Transfer more powers to EU, not more money to bail-out fund

26.01.12 @ 09:04

... ," she added, in reference to the inter-governmental treaty on fiscal discipline currently being negotiated among 26 member states, except Britain ... brought to court in the future. The point of the fiscal compact, after all, is to make it possible to check on ...

TickerPolish PM makes explicit threat on fiscal treaty

25.01.12 @ 09:01

... told Warsaw press Tuesday he will not sign the EU fiscal compact unless Poland is allowed to participate in eurozone summits: "I ... happens] ... it will be hard for us to sign the fiscal treaty."

EU ministers agree new bail-out fund, criticise Greece

24.01.12 @ 10:22

... the ESM treaty between the fiscal compact treaty and the ESM," Juncker said. Germany pushed for the fiscal discipline pact in return for ... reinforced both pillars - solidarity through the ESM and fiscal discipline through the fiscal treaty," French finance minister Francois Baroin told journalists after ...

Poland renews attack on eurozone-only summits

19.01.12 @ 09:22

... Donald Tusk criticised the latest draft of the compact - which envisages regular and exclusive meetings of countries ... talks on the fiscal treaty are ongoing and that: "Whether Poland joins the fiscal pact or not depends ...

Finnish minister pours cold water on fiscal treaty

17.01.12 @ 09:29

Finland should not sign up to the EU's new fiscal treaty, which is a "at best unnecessary and at worst ... euro-using country, such as Finland, does not sign the fiscal compact, it would see its borrowing costs soar and could ultimately ...

US agency drops bombshell on EU anti-crisis plan

14.01.12 @ 11:16

... the EU's new fiscal treaty. It said in a statement out Friday (13 January) the EU draft fiscal compact "does not supply ... noted that: "a reform process based on a pillar of fiscal austerity alone risks becoming self-defeating, as domestic demand falls ...

This WEEK in the European Union

13.01.12 @ 17:46

The EU circus will travel from Brussels to Strasbourg for the first plenary session of 2012 next week - a meeting to be dominated by the mid-term reshuffle of top jobs. German left-winger Martin Schulz - known for his ...

Negotiators finalise broad outline of EU fiscal treaty

13.01.12 @ 11:26

... 26 member states have reached broad agreement on the new fiscal treaty, paving the way for a formal agreement by EU ... Draghi on Thursday. "It would be highly welcomed if the fiscal compact was signed by the end of January rather than March ...

EU central bank to issue more cheap loans

12.01.12 @ 17:39

... by his own "fiscal compact" put forward ahead of the December summit. "It would be highly welcomed if the fiscal compact was signed by ...

VideoEU legal expert casts doubt on new fiscal treaty

11.01.12 @ 15:44

... Treaty and Lisbon Treaties, referred to the Union's new fiscal compact as a "little piece of paper" and "a treaty outside ...

EU legal expert casts doubt on new fiscal treaty

11.01.12 @ 15:42

... EU treaties - Jean-Claude Piris - has warned that the new 'fiscal compact' will not be enough to stop the financial crisis. "This ... on Tuesday (10 January), referring to the intergovernmental treaty on fiscal discipline to be signed by 26 EU leaders in March ...

British deputy PM: EU veto is 'temporary'

10.01.12 @ 09:10

... predicted the UK will drop its veto on the EU fiscal compact, but urged Brussels not to go too far with reforms ... fiscal compact should become part of the EU Treaty "within five years." Clegg noted that any new agreement should be limited to fiscal ...

Euro is 'irreversible' and 'permanent', says ECB chief

19.12.11 @ 20:59

... Monday (19 December), while making the case for austerity and fiscal discipline. In line with Berlin and the ECB's own ... month pledged more fiscal discipline measures, dubbed a "fiscal compact". "To restore trust, we need the elements contained in the compact. On top of ...

TickerFiscal compact treaty draft likely to be ready by Christmas

16.12.11 @ 09:58

A first draft text for an inter-governmental treaty on fiscal discipline should be delivered by EU lawyers in Brussels and could be taken home 'as bedside reading' before the Christmas break, secretary-general of the ...

France: Agencies should downgrade 'Greece-like' UK

16.12.11 @ 09:29

... the level of its 27 member states, saying a new fiscal compact had been backed by all, “with the singular, now solitary ...

EU leaders to meet again at end of January

15.12.11 @ 17:55

... commissioner Laszlo Andor who last week called the so-called fiscal compact "a joke" because it focuses solely on budget deficits and ... press conference earlier this week is to put both the fiscal compact and the legal text establishing the permanent bail-out fund ...