The Treaty on Stability, Coordination and Governance in the Economic and Monetary Union
The Treaty on Stability, Coordination and Governance in the Economic and Monetary Union

Summary/Abstract: For the proper functioning of economic and monetary union requires the Member States of the European Union to work jointly towards an economic policy in which, while based on the mechanisms of economic policy coordination, as defined in the Treaties on which it is based European Union, the Contracting parties undertake necessary actions and measures in all areas essential to the functioning of the euro area and to strengthen the economic pillar of economic and monetary Union by adopting a set of rules that aim to foster budgetary discipline through a fiscal compact, consolidation coordination of their economic policies and improving governance in the euro area, thus supporting the European Union's objectives for sustainable growth, employment, competitiveness and social cohesion.

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