Euro Plus Pact

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The Euro Plus Pact is a package of measures by the 19 heads of state and government of the euro zone as well as Bulgaria, Denmark, Poland and Romania to "increase competitiveness" in the respective countries. It was agreed as a pact for the euro at a special meeting in Brussels on March 11, 2011 and was finally discussed at the European Council on March 24 and 25, 2011. The pact proposes economic policy coordination measures to achieve greater convergence of economies in the euro area. The euro countries measure progress using objective indicators - for example unit labor costs .

The Euro Plus Pact complements the European Semester (coordination of national budget planning) and the European Stability Mechanism , which from 2013 as a permanent crisis mechanism is intended to prevent future budget crises in member states of the Eurozone, such as in the euro crisis from 2010, as well as the so-called . “ Six-Pack ” agreed tightening of the Stability and Growth Pact . While the stabilization mechanism and the six-pack contain changes in European law and were also decided by the European Commission and the European Parliament , the Euro Plus Pact is based purely on voluntary cooperation between the member states. According to the will of its authors, it should not count as an international agreement. Due to the non-participation of Great Britain, Sweden, the Czech Republic and Hungary, the pact could not be adopted within the framework of the procedure actually intended for the coordination of economic policy under Article 121 II TFEU. The only regulations that are binding under international law can be found in the section Concrete annual obligations , in which the European Union has the right to pose questions and to coordinate.

This also means that there is no implementation in national law, consequently no direct involvement of national parliaments and no possibility of complaint to national courts.

In June 2012, the European Council will adopt its conclusions based on the European Commission's assessment of the reform programs and goals of the countries.

Web links

German federal government

Euro countries

DGB

Individual evidence

  1. Andreas Fischer-Lescano: Increased cooperation in the EU (IPA of FES) (PDF; 418 kB)
  2. Cf. FTD: Judgment on the rescue package - Karlsruhe is overwhelmed with the euro decision ( memento of August 3, 2012 in the web archive archive.today ).
  3. Klaus Busch: Will the Euro fail? Structural problems and political failure bring Europe to the brink (IPA of the FES) (PDF; 781 kB)