Understanding the budgetary Pact

The Treaty on Stability, Coordination and Governance (TSCG), better known as the European budgetary pact, signed on 2nd March 2012 in Brussels by the heads of State and government of 25 Member States of the European Union (all except for the UK and Czech Republic) entered into force on 1st January 2013. Actually, it was decided that it would enter into force once 12 euro zone Member States have ratified it. Since 21st December 2012, it has been the case. Since 7th March 2013, it has been ratified by 19 of them (including 13 in the euro zone).

The Robert Schuman Foundation offers you a special dossier including:

• A paper by the Chairman of the Robert Schuman Foundation, Jean-Dominique Giuliani entitled "Learning about and understanding the Budgetary Pact" which recalls the context in which the treaty was adopted and defines the main outline of its content.

• Three summary sheets on the rule (definition, goals and impact) written by Sébastien Richard, lecturer in economy and public policy at the University of Paris X Nanterre.

• An explanatory paper on the Budgetary Pact as well as a table of the ratifications of the treaty on Stability, Coordination and Governance per country.


1. Text of the treaty 2. The special dossier 3. The ratification table by country

The special dossier

Download the special dossier