Fiscal Discipline Treaty awaits vote

  • 2012-06-27
  • From wire reports

VILNIUS - Lithuania’s parliament on June 28 is to decide on the ratification of the European Union (EU) Fiscal Discipline Treaty, says Prime Minister Andrius Kubilius, reports ELTA. He urges the major political parties to express their support to this “very important document.”
“I know that this issue is on the Seimas’ plenary sitting schedule on Thursday. I have hopes that the Committees will have debated the treaty before that. This is one of the top priority tasks for this parliamentary session. I have not heard any considerable doubts from the biggest political parties on the ratification of the document,” he said Monday, when asked whether the Seimas is not taking too long to approve the treaty.

On Jan. 31, 25 EU member states agreed on the Treaty on Stability, Coordination and Governance in the Economic and Monetary Union. The Czech Republic and Great Britain will not take part in the agreement.
Under the treaty, EU member states agree 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 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.