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Austerity versus Europe -

Javier Solana, January 30, 2012



Does debt matter? -

LONDON – Europe is now haunted by the spectre of debt. All European leaders quail before it. To exorcise the demon, they are putting their economies through the wringer.



Negotiating the details of the „Fiscal Compact“ Treaty: Much ado about nothing -

Before S&P dropped the bomb on Friday that France and Austria were losing their Triple-A-rating, most of the crisis reporting last week had been concerned with the different drafts for the new “Fiscal Compact” Treaty to be signed at the euro summit at the end of January.



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Protocol on the Decision of the Council relating to the Implementation of PDF Print E-mail
PROTOCOL
ON THE DECISION OF THE COUNCIL RELATING TO THE
IMPLEMENTATION OF ARTICLE 16(4) OF THE TREATY ON EUROPEAN
UNION AND ARTICLE 238(2) OF THE TREATY ON THE FUNCTIONING OF
THE EUROPEAN UNION BETWEEN 1 NOVEMBER 2014 AND 31 MARCH
2017 ON THE ONE HAND, AND AS FROM 1 APRIL 2017 ON THE OTHER
THE HIGH CONTRACTING PARTIES,

TAKING INTO ACCOUNT the fundamental importance that agreeing on the Decision of the Council relating to the implementation of Article 16(4) of the Treaty on European Union and Article 2382) of the Treaty on the Functioning of the European Union between 1 November 2014 and 31 March 2017 on the one hand, and as from 1 April 2017 on the other (hereinafter ’the Decision’), had when approving the Treaty of Lisbon,

HAVE AGREED UPON the following provisions, which shall be annexed to the Treaty on European Union and to the Treaty on the Functioning of the European Union:

Sole Article

Before the examination by the Council of any draft which would aim either at amending or abrogating the Decision or any of its provisions, or at modifying indirectly its scope or its meaning through the modification of another legal act of the Union, the European Council shall hold a preliminary deliberation on the said draft, acting by consensus in accordance with Article 9b(4) of the Treaty on European Union.