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commitments 09dec2011 eu ppΑπό τον Πόρτα – Πόρτα
WELCOMING the legislative proposals made by the European Commission for the euro area within the framework of the European Union Treaties on 23 November 2011, on the strengthening of economic and budgetary surveillance of Member States experiencing or threatened with serious difficulties with respect to their financial stability, and on common provisions for monitoring and assessing draft budgetary plans and ensuring the correction of excessive deficit of the Member States, and TAKING NOTE of the Commission’s intention to present further legislative proposals for the euro area concerning, in particular, ex ante reporting of debt issuance plans, economic partnership programmes detailing structural reforms for Member States in excessive deficit procedure as well as coordination of major economic policy reform plans of Member States,
– “Balanced Budget Rule”
– the main parameters of which are also to be reviewed regularly,
– FISCAL COMPACT/Article 3
– TITLE IV/ECONOMIC POLICY COORDINATION AND CONVERGENCE
– NOTING that compliance with the obligation to transpose the “Balanced Budget Rule” into national legal systems through binding and permanent provisions, preferably constitutional,…
– Court of Justice of the European Union to impose the payment of a lump sum or penalty on a Member State of the European Union having failed to comply with one of its judgments and that the European Commission has established criteria

Treaty on Stability Coordination and Governance
[scribd id=80281137 key=key-2dm6uua8xexu8u3f9hc0 mode=list]
Factsheet – Treaty Establishing Eu Stability Mechanism 2 Febr 2012 – OI ΑΛΛΑΓΕΣ ΠΑΝΩ ΣΤΟ ΠΑΛΙΟ ΚΕΙΜΕΝΟ !
Following are the main changes made by the updated treaty:
1) new financing tools
2) more flexible pricing
3) link with fiscal compact
4) new emergency decision-making procedure
5) alignment with IMF practice as regards private sector involvement
6) timing of capital contribution
http://www.scribd.com/doc/80281137

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