Tuesday, 29 May 2012

Your Vote Counts this Thursday

Will it be possible to walk away from The Treaty
 if the people of Ireland realise they have been duped? 


TREATY ON STABILITY, COORDINATION AND GOVERNANCE IN THE ECONOMIC AND MONETARY UNION  between:
THE KINGDOM OF BELGIUM, THE REPUBLIC OF BULGARIA, THE KINGDOM OF DENMARK, THE FEDERAL REPUBLIC OF GERMANY,
THE REPUBLIC OF ESTONIA, IRELAND, THE HELLENIC REPUBLIC,
THE KINGDOM OF SPAIN, THE FRENCH REPUBLIC,
THE ITALIAN REPUBLIC, THE REPUBLIC OF CYPRUS, THE REPUBLIC OF LATVIA,
THE REPUBLIC OF LITHUANIA, THE GRAND DUCHY OF LUXEMBOURG, HUNGARY,
MALTA, THE KINGDOM OF THE NETHERLANDS, THE REPUBLIC OF AUSTRIA,
THE REPUBLIC OF POLAND, THE PORTUGUESE REPUBLIC, ROMANIA,
THE REPUBLIC OF SLOVENIA, THE SLOVAK REPUBLIC,
THE REPUBLIC OF FINLAND AND THE KINGDOM OF SWEDEN

"STRESSING that no provision of this Treaty is to be interpreted as altering in any way the
economic policy conditions under which financial assistance has been granted to a Contracting
Party in a stabilisation programme involving the European Union, its Member States or the
International Monetary Fund
";

ARTICLE 1
  • 1. By this Treaty, the Contracting Parties agree, as Member States of the European Union, to strengthen the economic pillar of the economic and monetary union by adopting a set of rules intended to foster budgetary discipline through a fiscal compact, to strengthen the coordination of their economic policies and to improve the governance of the euro area, thereby supporting the achievement of the European Union's objectives for sustainable growth, employment, competitiveness and social cohesion.
  • 2. This Treaty shall apply in full to the Contracting Parties whose currency is the euro. It shallalso apply to the other Contracting Parties to the extent and under the conditions set out in Article 14. 
This Treaty shall enter into force on 1 January 2013, provided that twelve Contracting Parties
whose currency is the euro have deposited their instrument of ratification, or on the first day of the
month following the deposit of the twelfth instrument of ratification by a Contracting Party whose
currency is the euro, whichever is the earlier.

This Treaty shall apply as from the date of entry into force amongst the Contracting Parties
whose currency is the euro which have ratified it.
It shall apply to the other Contracting Parties
whose currency is the euro as from the first day of the month following the deposit of their
respective instrument of ratification.


Read Full Text of Treaty

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