25 EU members to join fiscal treaty (Lead)
January 31st, 2012 - 2:06 pm ICT by IANSBrussels, Jan 31 (IANS) All but two of the 27 European Union (EU) member states are to sign a new fiscal treaty designed to enshrine tighter deficit and debt discipline, European Council President Herman Van Rompuy has said.
Britain and the Czech Republic are the two countries that would opt out, Van Rompuy said at a press conference that was originally focused on growth and employment in Europe amidst a debt crisis that still showed no sign of easing after plaguing the region for more than two years.
EU leaders agreed last December on the fiscal treaty which included a “structural deficit” of 0.5 percent of GDP and automatic sanctions for countries whose deficits top 3 percent of GDP, Xinhua reported.
- EU leaders agree on new fiscal agreement - Jan 31, 2012
- EU leaders agree on 120 bn euro growth initiatives - Jun 29, 2012
- Next EU summit to focus on jobs: Top official - Dec 21, 2011
- Europe agrees to 1 trillion euro fund for new bailout plan - Oct 27, 2011
- IMF chief calls for eurobonds to combat crisis - Jan 24, 2012
- Iran, trade deal high on India-EU summit agenda - Feb 05, 2012
- Spain's 2012 deficit target eased to 5.3 percent of GDP - Mar 13, 2012
- India, EU to expedite free trade talks - Feb 10, 2012
- EU urges Greek government to fulfil commitments on debt crisis - Nov 11, 2011
- EU President says more money will be found if needed to fight debt crisis - Jun 10, 2010
- Potential for India-EU bilateral ties huge: European Council chief - Dec 10, 2010
- US stocks pull back as European optimism fades - Dec 13, 2011
- Estonia to become 17th country in the Eurozone - Jul 14, 2010
- All is not lost on India-EU trade frontier - Dec 10, 2010
- Iran-Turkey deal not enough to stop UN sanctions: EU - May 17, 2010
Tags: brussels, council president, czech republic, debt crisis, discipline, europe, european union, gdp, herman van rompuy, member states, sanctions, xinhua