31 January 2012
EU leaders agreed yesterday (30 January) a treaty on tighter fiscal rules to preserve the eurozone from new crises. The Czech Republic said it would not sign it for now, however, due to ratification difficulties, while French President Nicolas Sarkozy said his country is unlikely to ratify before the 6 May presidential election.
As expected, the United Kingdom will not be part of the intergovernmental "Treaty on Stability, Coordination and Governance in the Economic and Monetary Union", while the Czech Republic said it could join the treaty at a later stage because its eurosceptic President Vaclav Klaus said he would not sign the ratification bill for now.
The treaty, which aims to strengthen fiscal discipline through the introduction of more automatic sanctions and stricter surveillance, is due to be signed during the next EU summit on 1-2 March.
Read the article on Euractiv.com
Read the European Council press release
Read the communication by euro area Member States
Read the Romanian President’s press release
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