25 EU countries singed a fiscal pact

Friday, 2 March 2012 02:13

25 leaders of EU countries signed in Brussels new treaty called “fiscal pact”.

The tract demands more discipline in area of public finances especially in 17 euro zone countries.

25 signatories (excluding UK and Czech Republic) agreed on pact during EU Summit in Brussels. Treaty is suppose to go into effect on 1st of January 2013.