Legal aspects of Treaty on stability, coordination and governance in the economic and monetary union
2012
Abstract
Following the European Council summit in December 2011, negotiations on so called Fiscal Compact (Treaty on Stability, Coordination and Governance in the Economic and Monetary Union) were finished in extremely short time. The Fiscal Compact tries to keep the Member States' budgets balanced and to reach by means of that the stabilization of the euro area.
Although it is considered to be only part of different measures to combat financial crisis, the Fiscal Compact raises number of legal questions regarding the role of EU's institutions in the implementation of an intergovernmental treaty operating outside the EU law. This study deals also with the constitutional and legal classification of thisTreaty in view of the Czech Constitution.