A Treaty that doesn’t serve the European Union

"On the 30th January 2012, 25 of the 27 Member States of the European Union approved a project of international treaty named as “Treaty on Stability, Coordination and Governance in the Economic and Monetary Union”.

This project gives voice to certain decisions that had already been adopted in the Summit of Heads of State or Government of the European Union, on 9 December 2011. From that moment on, we came to know that the United Kingdom was not going to participate in such a treaty. On the 30th January, it was known that the Czech Republic also took the same option. And, some signs allow us to say that one cannot exclude the possibility that more Member States can choose to be out of this way.

The project of treaty in question has generated, as it is normal, quite different evaluations. The main promoters have saluted it as a relevant success. They sustain that the matter constituting its core – the so-named “Fiscal Compact” – sanctions a genuine “budgetary union” and, in that measure, it contributes to the resolution of the crisis. Wide currents of opinion, on the contrary, evaluate it in a profoundly negative way, namely, because it is a factor that empowers the fragmentation of the Union far beyond what could be considered as acceptable, and insists in a wrong therapy to get out from the crisis it is living, at least, for the last two years, and whose end is not in our visible horizon. "