Romania Agrees To Tighter Fiscal Discipline

02.01.2012 By Bogdan Cojocaru

Heads of state and of government in the European Union have sought once again in Brussels to prove to markets that they can work together to find solutions to the debt crisis. Politicians, among them Romanian president Traian Basescu, have adopted the final form of a treaty that imposes the introduction of debt limits in member states’ national fundamental laws and commit the European Union to a path of tight fiscal discipline.

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Keywords:
DEFICIT
, CONSTITUION
, FISCAL DISCIPLINE
, EU
, TREATY