Euro Plus Pact

The Euro Plus Pact is a package of 17 Heads of State and Government of the euro zone as well as Bulgaria, Denmark, Latvia, Lithuania, Poland and Romania to " increase competitiveness " in the countries concerned. It was agreed on 11 March 2011 at a special meeting in Brussels Pact for the Euro and final discussion at the European Council on 24 and 25 March 2011. The pact proposes measures for economic policy coordination in order to achieve greater convergence of national economies in the euro zone. Progress measure the euro countries based on objective indicators - for example, the unit labor costs.

The Euro Plus Pact complements the European semester ( coordination of national budgetary planning) and the European Stability Mechanism, which is to prevent from 2013 future as a permanent crisis mechanism budgetary crises of Member States of the euro zone as in the Euro - crisis from 2010, and as part of the so called agreed. "Six - Pack" tightening of the Stability and growth Pact. During the stabilization mechanism and the six-pack changes were involve in European law and decided by the European Commission and the European Parliament, the Euro Plus Pact, however, is based purely on a voluntary cooperation between Member States. He should not be regarded as an international agreement, by the will of its authors. Due to the non-participation of the United Kingdom, Sweden, Czech Republic and Hungary, the pact could not be adopted in the context of actually provided for the coordination of economic policy procedure under Article 121 TFEU II. The only force as binding international law regulations can be found in the section Specific annual commitments, in which the European Union has the right to question and coordination.

This also means that there is no transposition into national law, therefore no direct involvement of national parliaments and no right of appeal to national courts.

In June 2012, the European Council will adopt based on the evaluation of the European Commission to reform the programs and objectives of the countries its conclusions.

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