Fiscal Compact

E625505

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.

All labels observed (2)

Label Occurrences
Fiscal Compact canonical 5
European Fiscal Compact 1

How this entity was disambiguated

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
United Kingdom
hasOfficialName Treaty on Stability, Coordination and Governance in the Economic and Monetary Union
hasSignatory France
Germany
Greece
Ireland
Italy
Portugal
Spain
language English
French
German
legalBasisType intergovernmental agreement outside the EU Treaties
linkedTo European Stability Mechanism
makesReferenceTo European Court of Justice jurisdiction on fiscal rules implementation
monitoredBy European Commission
European Council
negotiatedDuring European sovereign debt crisis
linked to: Eurozone crisis
partOf European Union economic governance framework
providesFor enhanced surveillance of national budgets
ex-ante coordination of economic policies
quasi-automatic sanctions for non-compliance
region European Union
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
signedIn Brussels
linked to: Brussels, Belgium
signedOn 2012-03-02
strengthens Stability and Growth Pact
subject European integration
macroeconomic policy
public finance

How these facts were elicited

Referenced by (6)

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

Economic and Monetary Union of the European Union strengthenedBy Fiscal Compact
subject linked to: EMU
Treaties of the Federal Republic of Germany includes European Fiscal Compact
linked to: Fiscal Compact
Six-Pack legislation relatedTo Fiscal Compact
Two-Pack legislation complements Fiscal Compact