Treaty on Stability, Coordination and Governance

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The Treaty on Stability, Coordination and Governance is an intergovernmental agreement among Eurozone and some EU member states that strengthens fiscal discipline and economic policy coordination, notably through stricter budgetary rules and the so-called "fiscal compact."

All labels observed (2)

How this entity was disambiguated

Statements (47)

Predicate Object
instanceOf European Union treaty ⓘ
fiscal compact ⓘ
intergovernmental treaty ⓘ
aimsTo enhance economic policy coordination ⓘ
improve governance of the Economic and Monetary Union ⓘ
strengthen fiscal discipline ⓘ
alsoKnownAs Fiscal Compact ⓘ
appliesTo Eurozone member states ⓘ
appliesToPolicyArea budgetary surveillance ⓘ
economic governance ⓘ
fiscal policy ⓘ
buildsUpon EU economic governance framework ⓘ
Stability and Growth Pact ⓘ
containsProvision automatic correction mechanism for budgetary deviations ⓘ
balanced budget rule ⓘ
coordination of economic policies ⓘ
enhanced surveillance of national budgets ⓘ
provisions on economic governance of the euro area ⓘ
stricter budgetary rules ⓘ
context European sovereign debt crisis ⓘ
linked to: Eurozone crisis
establishes binding fiscal constraints on participating states ⓘ
focusesOn medium‑term budgetary objectives ⓘ
structural budget balance ⓘ
goal ensure long‑term sustainability of public finances in the EU ⓘ
strengthen confidence in the euro ⓘ
hasComponent economic policy coordination provisions ⓘ
fiscal compact ⓘ
governance provisions for the euro area ⓘ
hasOfficialName Treaty on Stability, Coordination and Governance in the Economic and Monetary Union ⓘ
hasSignatory euro area EU member state ⓘ
non‑euro area EU member state participating by choice ⓘ
involvesInstitution Euro Summit ⓘ
European Commission ⓘ
European Council ⓘ
isPartOf EU economic governance reforms ⓘ
legalNature intergovernmental agreement outside the EU treaties framework ⓘ
openTo non‑euro area EU member states ⓘ
relatesTo Economic and Monetary Union ⓘ
European Union fiscal rules ⓘ
requires incorporation of balanced budget rule into national legal systems ⓘ
preferably constitutional or equivalent legal status for fiscal rules ⓘ
seeksTo increase credibility of fiscal policy in the euro area ⓘ
prevent excessive government deficits ⓘ
shortName TSCG ⓘ
subjectOf economic policy coordination in the European Union ⓘ
fiscal discipline in the European Union ⓘ
typeOfRule rules‑based fiscal framework ⓘ

How these facts were elicited

Referenced by (6)

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

Stability and Growth Pact → reformedBy → Treaty on Stability, Coordination and Governance ⓘ
EU economic governance framework → reformedBy → Treaty on Stability, Coordination and Governance in the Economic and Monetary Union ⓘ
linked to: Treaty on Stability, Coordination and Governance
Euro Summit → hasLegalBasis → Treaty on Stability, Coordination and Governance in the Economic and Monetary Union ⓘ
linked to: Treaty on Stability, Coordination and Governance
Euro Summit → wasFormalizedBy → Treaty on Stability, Coordination and Governance ⓘ
Fiscal Compact → hasOfficialName → Treaty on Stability, Coordination and Governance in the Economic and Monetary Union ⓘ
linked to: Treaty on Stability, Coordination and Governance
Treaty on Stability, Coordination and Governance → hasOfficialName → Treaty on Stability, Coordination and Governance in the Economic and Monetary Union ⓘ
linked to: Treaty on Stability, Coordination and Governance