Posts tagged ‘Fiscal Compact Treaty’
Fiscal Compact Treaty: Referendum debate
Tuesday, April 3rd, 2012As the campaign for the referendum on the EU Fiscal Compact Treaty gets under way, eolas examines its contents and opposing positions. The ‘balanced budget rule’ is central to the Fiscal Compact Treaty, whereby countries which sign it will be punished if they don’t balance government income and expenditure. The main bone of contention for the treaty’s opponents is that it will ensure automatic sanctions and stricter surveillance from the European Commission. However, its supporters argue that this will avoid future financial crises. Signed on 2 March by leaders of 25 European...[full story]
