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/eurovoc (pub)
Treaty on Stability, Coordination and Governance
Alternative labels (en):
- fiscal compact (EU)
- Treaty on Stability, Coordination and Governance in the Economic and Monetary Union
- Treaty on Stability, Coordination and Governance in the EMU
- TSCG
In scheme:
Broader:
Related:
Definition (en):
The treaty deals with three main issues: fiscal stability, economic coordination and convergence, and governance of the euro area. It requires euro area Member States to strengthen fiscal discipline through a balanced budget rule and an automatic correction mechanism. It also formalises the holding of Euro Summit meetings and the role of the President of the Euro Summit.
History note (en):
Entered into force on 1 January 2013.