EU agrees on budget discipline

  • 2012-03-07
  • From wire reports
RIGA - European Union leaders signed on March 2 a treaty designed to force governments to adopt balanced budgets through a ‘golden rule,’ or face fines, reports AFP. The Treaty for Stability, Coordination and Governance, the bedrock response to a two-year public debt crisis that forced bailouts for Greece, Portugal and Ireland, was signed by 25 of the bloc’s 27 leaders.The government approved the bill on the European Union’s fiscal discipline treaty earlier in the week. Latvia’s Saeima, however, will have the final say in this regard.On Jan. 31, 25 E...
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