Another Fiscal Compact Treaty released.

[Ulster-Lad]

A 2nd version of the new EU compact treaty has just been released (The government will not be pleased).

Fiscal Compact Draft 2

Debt crisis: live - Telegraph

The Brits are not going to be pleased either. Well worth a read. I suppose we have already agreed to everything here?

[Analyzer]

A 2nd version of the new EU compact treaty has just been released (The government will not be pleased).

Fiscal Compact Draft 2

Debt crisis: live - Telegraph

The Brits are not going to be pleased either. Well worth a read. I suppose we have already agreed to everything here?

Brian Hayes outlined our position in the Indo this morning.

We are committed to sign up to it, whatever it is, and whenever it is written.

Great negotiation technique, that.....

[DownTheyGo]

A 2nd version of the new EU compact treaty has just been released (The government will not be pleased).

Fiscal Compact Draft 2

Debt crisis: live - Telegraph

The Brits are not going to be pleased either. Well worth a read. I suppose we have already agreed to everything here?

"Where the debt level is significantly below the 60% reference value mentioned under Article 1 of Protocol No 12, the country-specific reference value for the annual structural net deficit may take a higher value than specified under

Point b), but in any case no more than 1.0% of nominal GDP."

[Gimpanzee]

It's weak as child's piss, isn't it?

[Sensible Head]

1.a.

Budgetary Balance.

In true internet style I LoL'ed.

Deckchairs and Titanic.

[j26]

Article 3.2 - we still need a referendum.

[Socratus O' Pericles]

Surely,despite their best efforts,they will be unable to avoid a referendum -even if it takes a Supreme Court case?

[Sensible Head]

Err I thought this was an International Treaty and not an EU one? Why the reference to EU institutions? Thought UK kicked up a fuss about this?

[Analyzer]

"Where the debt level is significantly below the 60% reference value mentioned under Article 1 of Protocol No 12, the country-specific reference value for the annual structural net deficit may take a higher value than specified under

Point b), but in any case no more than 1.0% of nominal GDP."

Well that is a provision that only applies to Luxembourg.

The other 99.99% of the EU can ignore it, for at least two decades (being optimistic).

[Hewson]

"Where the debt level is significantly below the 60% reference value mentioned under Article 1 of Protocol No 12, the country-specific reference value for the annual structural net deficit may take a higher value than specified under

Point b), but in any case no more than 1.0% of nominal GDP.

Is there a plan to have this translated into English?