Treaty on Stability, Coordination and Governance

The Treaty on Stability, Coordination and Governance signed on 2 March 2012 aims at thereby supporting the achievement of the European Union's objectives for sustainable growth, employment, competitiveness and social cohesion.
 * strengthening the economic pillar of the Economic and Monetary Union by adopting a set of rules intended to foster budgetary discipline through a fiscal compact,
 * strengthening the coordination of economic policies,
 * improving the governance of the euro area,

This Treaty shall apply to Member States whose currency is the euro.

This Treaty should enter into force on 1 January 2013.

Legal texts

 * , Treaty on stability, coordination and governance in the Economic and Monetary Union
 * , Resolution of the Committee of the Regions, to the Spring European Council 2012, on ‘the Draft Treaty on stability, coordination and governance in the economic and monetary union’

Related articles

 * ESM