Fiscal Compact

E625505

The Fiscal Compact is an intergovernmental treaty among EU member states that tightens budgetary rules and fiscal discipline to reinforce stability within the euro area.

All labels observed (2)

Label Occurrences
Fiscal Compact canonical 5
European Fiscal Compact 1

How this entity was disambiguated

Statements (50)

Predicate Object
instanceOf European Union treaty ⓘ
intergovernmental treaty ⓘ
aimsTo prevent excessive government deficits ⓘ
reinforce stability within the euro area ⓘ
strengthen fiscal discipline ⓘ
appliesTo European Union member states ⓘ
euro area member states ⓘ
conditionForEntryIntoForce ratification by at least 12 euro area member states ⓘ
enteredIntoForceOn 2013-01-01 ⓘ
focusesOn budgetary discipline ⓘ
economic governance ⓘ
fiscal stability ⓘ
hasNonSignatory Czech Republic ⓘ
United Kingdom ⓘ
hasOfficialName Treaty on Stability, Coordination and Governance in the Economic and Monetary Union ⓘ
hasSignatory France ⓘ
Germany ⓘ
Greece ⓘ
Ireland ⓘ
Italy ⓘ
Portugal ⓘ
Spain ⓘ
language English ⓘ
French ⓘ
German ⓘ
legalBasisType intergovernmental agreement outside the EU Treaties ⓘ
linkedTo European Stability Mechanism ⓘ
makesReferenceTo European Court of Justice jurisdiction on fiscal rules implementation ⓘ
monitoredBy European Commission ⓘ
European Council ⓘ
negotiatedDuring European sovereign debt crisis ⓘ
linked to: Eurozone crisis
partOf European Union economic governance framework ⓘ
providesFor enhanced surveillance of national budgets ⓘ
ex-ante coordination of economic policies ⓘ
quasi-automatic sanctions for non-compliance ⓘ
region European Union ⓘ
requires automatic correction mechanisms for budgetary deviations ⓘ
balanced budget rule in national legislation ⓘ
introduction of a structural budget balance rule ⓘ
national fiscal rules to be binding and permanent ⓘ
preferably constitutional-level implementation of budget rules ⓘ
setsLimitOn structural general government deficit of 0.5% of GDP for most states ⓘ
structural general government deficit of 1.0% of GDP for low-debt states ⓘ
shortName TSCG ⓘ
signedIn Brussels ⓘ
linked to: Brussels, Belgium
signedOn 2012-03-02 ⓘ
strengthens Stability and Growth Pact ⓘ
subject European integration ⓘ
macroeconomic policy ⓘ
public finance ⓘ

How these facts were elicited

Referenced by (6)

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

Economic and Monetary Union of the European Union → strengthenedBy → Fiscal Compact ⓘ
subject linked to: EMU
Treaties of the Federal Republic of Germany → includes → European Fiscal Compact ⓘ
linked to: Fiscal Compact
Six-Pack legislation → relatedTo → Fiscal Compact ⓘ
Two-Pack legislation → complements → Fiscal Compact ⓘ