Treaty on Stability, Coordination and Governance

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The Treaty on Stability, Coordination and Governance is an intergovernmental agreement among Eurozone and some EU member states that strengthens fiscal discipline and economic policy coordination, notably through stricter budgetary rules and the so-called "fiscal compact."

All labels observed (2)

How this entity was disambiguated

Statements (47)

Predicate Object
instanceOf European Union treaty
fiscal compact
intergovernmental treaty
aimsTo enhance economic policy coordination
improve governance of the Economic and Monetary Union
strengthen fiscal discipline
alsoKnownAs Fiscal Compact
appliesTo Eurozone member states
appliesToPolicyArea budgetary surveillance
economic governance
fiscal policy
buildsUpon EU economic governance framework
Stability and Growth Pact
containsProvision automatic correction mechanism for budgetary deviations
balanced budget rule
coordination of economic policies
enhanced surveillance of national budgets
provisions on economic governance of the euro area
stricter budgetary rules
context European sovereign debt crisis
linked to: Eurozone crisis
establishes binding fiscal constraints on participating states
focusesOn medium‑term budgetary objectives
structural budget balance
goal ensure long‑term sustainability of public finances in the EU
strengthen confidence in the euro
hasComponent economic policy coordination provisions
fiscal compact
governance provisions for the euro area
hasOfficialName Treaty on Stability, Coordination and Governance in the Economic and Monetary Union
hasSignatory euro area EU member state
non‑euro area EU member state participating by choice
involvesInstitution Euro Summit
European Commission
European Council
isPartOf EU economic governance reforms
legalNature intergovernmental agreement outside the EU treaties framework
openTo non‑euro area EU member states
relatesTo Economic and Monetary Union
European Union fiscal rules
requires incorporation of balanced budget rule into national legal systems
preferably constitutional or equivalent legal status for fiscal rules
seeksTo increase credibility of fiscal policy in the euro area
prevent excessive government deficits
shortName TSCG
subjectOf economic policy coordination in the European Union
fiscal discipline in the European Union
typeOfRule rules‑based fiscal framework

How these facts were elicited

Referenced by (6)

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

Stability and Growth Pact reformedBy Treaty on Stability, Coordination and Governance
EU economic governance framework reformedBy Treaty on Stability, Coordination and Governance in the Economic and Monetary Union
linked to: Treaty on Stability, Coordination and Governance
Euro Summit hasLegalBasis Treaty on Stability, Coordination and Governance in the Economic and Monetary Union
linked to: Treaty on Stability, Coordination and Governance
Euro Summit wasFormalizedBy Treaty on Stability, Coordination and Governance
Fiscal Compact hasOfficialName Treaty on Stability, Coordination and Governance in the Economic and Monetary Union
linked to: Treaty on Stability, Coordination and Governance
Treaty on Stability, Coordination and Governance hasOfficialName Treaty on Stability, Coordination and Governance in the Economic and Monetary Union
linked to: Treaty on Stability, Coordination and Governance