Fiscal Compact

E625505

European Union treaty intergovernmental treaty

The Fiscal Compact is an intergovernmental treaty among EU member states that tightens budgetary rules and fiscal discipline to reinforce stability within the euro area.

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All labels observed (2)

Label	Occurrences
Fiscal Compact canonical	2
European Fiscal Compact	1

Statements (50)

Predicate	Object
instanceOf	European Union treaty ⓘ intergovernmental treaty ⓘ
aimsTo	prevent excessive government deficits ⓘ reinforce stability within the euro area ⓘ strengthen fiscal discipline ⓘ
appliesTo	European Union member states ⓘ euro area member states ⓘ
conditionForEntryIntoForce	ratification by at least 12 euro area member states ⓘ
enteredIntoForceOn	2013-01-01 ⓘ
focusesOn	budgetary discipline ⓘ economic governance ⓘ fiscal stability ⓘ
hasNonSignatory	Czech Republic NERFINISHED ⓘ United Kingdom NERFINISHED ⓘ
hasOfficialName	Treaty on Stability, Coordination and Governance in the Economic and Monetary Union NERFINISHED ⓘ
hasSignatory	France NERFINISHED ⓘ Germany NERFINISHED ⓘ Greece NERFINISHED ⓘ Ireland NERFINISHED ⓘ Italy NERFINISHED ⓘ Portugal NERFINISHED ⓘ Spain NERFINISHED ⓘ
language	English ⓘ French ⓘ German ⓘ
legalBasisType	intergovernmental agreement outside the EU Treaties ⓘ
linkedTo	European Stability Mechanism NERFINISHED ⓘ
makesReferenceTo	European Court of Justice jurisdiction on fiscal rules implementation ⓘ
monitoredBy	European Commission NERFINISHED ⓘ European Council NERFINISHED ⓘ
negotiatedDuring	European sovereign debt crisis NERFINISHED ⓘ
partOf	European Union economic governance framework NERFINISHED ⓘ
providesFor	enhanced surveillance of national budgets ⓘ ex-ante coordination of economic policies ⓘ quasi-automatic sanctions for non-compliance ⓘ
region	European Union NERFINISHED ⓘ
requires	automatic correction mechanisms for budgetary deviations ⓘ balanced budget rule in national legislation ⓘ introduction of a structural budget balance rule ⓘ national fiscal rules to be binding and permanent ⓘ preferably constitutional-level implementation of budget rules ⓘ
setsLimitOn	structural general government deficit of 0.5% of GDP for most states ⓘ structural general government deficit of 1.0% of GDP for low-debt states ⓘ
shortName	TSCG NERFINISHED ⓘ
signedIn	Brussels NERFINISHED ⓘ
signedOn	2012-03-02 ⓘ
strengthens	Stability and Growth Pact NERFINISHED ⓘ
subject	European integration ⓘ macroeconomic policy ⓘ public finance ⓘ

Referenced by (3)

Full triples — surface form annotated when it differs from this entity's canonical label.

EMU → strengthenedBy → Fiscal Compact ⓘ

subject surface form: Economic and Monetary Union of the European Union

excessive deficit procedure → wasFurtherAdjustedBy → Fiscal Compact ⓘ

Treaties of the Federal Republic of Germany → includes → Fiscal Compact ⓘ

this entity surface form: European Fiscal Compact