A novice's guide to "fiscal compacts" and the EU Summit
So the eurozone is moving toward a "fiscal compact", possibly with a separate eurozone treaty. But what is a fiscal compact? And why was Britain isolated? Here's a quick guide.
So the eurozone is moving toward a fiscal compact, possibly with a separate eurozone treaty. But what is a fiscal compact? And why was Britain isolated? Here's a quick guide.
Essentially it's a deal that firms up existing commitments made by euro zone countries to keep their deficits to an agreed minimum level, thus avoiding the kind of debt crisis we have now. In future, for any countries that exceed that level, there will be...
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month, €19.99 Monthly thereafter
*New subscribers only
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Unlimited Access for 2 Years
Get a Business Account for you and your team