The ‘fiscal compact’ represents only 6 of the 16 articles in the Treaty on Stability, Coordination and Governance, yet it has been the source of both expectations and criticism. In this article dated 26 July 2012, Yves Bertoncini, Secretary-General of Notre Europe, analyses the implications of the ‘fiscal compact’.

On 29 June 2012, Peter Gauweiler votes in the German Parliamentary Assembly against the European Fiscal Compact and the European Stability Mechanism (ESM). He then lodges an appeal with the Federal Constitutional Court against the ESM, claiming a potential breach of the Constitution and the loss of the German Parliament’s sovereign rights.

This article, published on the BBVA (Banco Bilbao Vizcaya Argentaria) site on 5 March 2012, comments on the agreement signed on 2 March 2012 by the Heads of State or Government of 25 European Union Member States to strengthen common discipline following the debt crisis.