Law Approving The Treaty On Stability, Coordination And Governance In The Economic And Monetary Union Between The Kingdom Of Belgium, The Republic Of Bulgaria, The Kingdom Of Denmark, The Federal Republic Of Germany, The Republ

Original Language Title: Loi portant assentiment au Traité sur la stabilité, la coordination et la gouvernance au sein de l'Union économique et monétaire entre le Royaume de Belgique, la République de Bulgarie, le Royaume du Danemark, la République fédérale d'Allemagne, la Républ

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Read the untranslated law here: http://www.ejustice.just.fgov.be/cgi/article_body.pl?numac=2013015194&caller=list&article_lang=F&row_id=800&numero=832&pub_date=2014-04-07&dt=LOI&language=fr&fr=f&choix1=ET&choix2=ET&fromtab=+moftxt&trier=publication&sql=dt+=+'LOI'&tri=pd+AS+RANK+

Posted the: 2014-04-07 Numac: 2013015194 FEDERAL Foreign Affairs, external trade and development COOPERATION PUBLIC SERVICE 18 July 2013. -Law approving the Treaty on stability, coordination and governance in the economic and Monetary Union between the Kingdom of Belgium, the Kingdom of Denmark, the Republic of Bulgaria, the Federal Republic of Germany, the Republic of Estonia, the Ireland, the Hellenic Republic, the Kingdom of Spain, the French Republic, the Italian Republic, the Republic of Cyprus, the Republic of Latvia the Republic of Lithuania, the Grand Duchy of Luxembourg, the Hungary, Malta, the Kingdom of the Netherlands, the Republic of Austria, the Republic of Poland, the Portuguese Republic, the Romania, the Republic of Slovenia, the Slovak Republic, the Republic of Finland and the Kingdom of Sweden, and in the minutes of the Treaty on stability, coordination and governance in the economic and Monetary Union done at Brussels on 2 March 2012 (1) (2) ALBERT II, King of the Belgians, to all, present and future, hi.
The Chambers have adopted and we endorse the following: Article 1. This Act regulates a matter referred to in article 77 of the Constitution.
S. 2. the Treaty on stability, coordination and governance in the economic and Monetary Union between the Kingdom of Belgium, the Kingdom of Denmark, the Republic of Bulgaria, the Federal Republic of Germany, the Republic of Estonia, the Ireland, the Hellenic Republic, the Kingdom of Spain, the French Republic, the Italian Republic, the Republic of Cyprus, the Republic of Latvia, the Republic of Lithuania , the Grand Duchy of Luxembourg, the Hungary, Malta, the Kingdom of the Netherlands, the Republic of Austria, the Republic of Poland, the Portuguese Republic, the Romania, the Republic of Slovenia, the Slovak Republic, the Republic of Finland and the Kingdom of Sweden, and the minutes of the Treaty on stability, coordination and governance in the economic and Monetary Union made in Brussels on March 2, 2012, will release their full and complete effect.
Promulgate this Act, order that it self under the seal of the State and published by le Moniteur.
Given to Brussels, July 18, 2013.
ALBERT by the King: the Prime Minister, E. DI RUPO the Deputy Prime Minister and Minister of Foreign Affairs, D. REYNDERS the Minister for Budget, O. CHASTEL. the Minister of finance, K. GARG sealed with the seal of the State: the Minister of Justice, Ms. A. TURTELBOOM _ Notes (1) Session 2012-2013.
Senate.
Documents: Bill filed 22/01/2013, no. 5 - 1939/1.
Report on behalf of the Committee, no. 5-1939/2.
Parliamentary Annals Discussion, meeting of May 23, 2013.
Vote, meeting of May 23, 2013.
House of representatives.
Documents draft transmitted by the Senate, no. 53-2830/1.
Report on behalf of the Committee, no. 53-2830/2.
Text adopted in plenary meeting and submitted to the sanction royale No. 53 - 2830/3.
Parliamentary Annals Discussion, meeting of June 19, 2013.
Vote, meeting of June 20, 2013.
(2) see Decree of the Flemish community / the Flemish Region of December 21, 2012 (Moniteur belge of 24 January 2013), Decree of the French community of the YYY. (Moniteur belge dele de YYY.), Decree of the German-speaking community of the YYY.) (Moniteur belge of YYY.), Decree of the Walloon Region of the YYY. (Moniteur belge of YYY.), order of the Region of Brussels - capital YYY. (Moniteur belge YYY.), order of the common Community Commission of the YYY. (Moniteur belge of YYY.).
Treaty on stability, coordination and governance in the economic and Monetary Union between the Kingdom of Belgium, the Kingdom of Denmark, the Republic of Bulgaria, the Federal Republic of Germany, the Republic of Estonia, the Ireland, the Hellenic Republic, the Kingdom of Spain, the French Republic, the Italian Republic, the Republic of Cyprus, the Republic of Latvia, the Republic of Lithuania the Grand Duchy of Luxembourg, Hungary, Malta, the Kingdom of the Netherlands, the Republic of Austria, the Republic of Poland, the Portuguese Republic, Romania, the Republic of Slovenia, the Slovak Republic, the Republic of Finland and the Kingdom of Sweden the Kingdom of Belgium, the Republic of Bulgaria, the Kingdom of Denmark, the Federal Republic of Germany, the Republic of Estonia, Ireland, the Hellenic Republic , The Kingdom of Spain, the French Republic, the Italian Republic, the Republic of Cyprus, the Republic of Latvia, the Republic of Lithuania, the GRAND Duchy of LUXEMBOURG, Hungary, Malta, the Kingdom of the Netherlands, the Republic of Austria, the Republic of Poland, the Portuguese Republic, Romania, the Republic of Slovenia, the Slovak Republic, the Republic of Finland and the Kingdom of Sweden, hereinafter referred to as the "contracting parties". AWARE of their obligation, as Member States of the European Union, to regard their economic policies as a matter of common interest;
Desiring to promote conditions for economic growth more strong in the European Union and, to that end, to develop ever-closer coordination of economic policies within the euro area;
Taking into account the fact that the need for Governments to maintain sound and sustainable public finances and prevent any excessive deficit is of essential importance to preserve the stability of the eurozone as a whole, and therefore requires the introduction of specific rules, including a balanced budget rule and an automatic mechanism for the adoption of corrective measures;
CONSCIOUS of the need to ensure that their public deficit does not exceed 3% of gross domestic product at market prices and that their debt does not exceed 60 per cent of their gross domestic product at market prices or decreases at a rate satisfactory to be closer to the reference value;
Recalling that the contracting parties, in so far as Member States of the European Union, must refrain from any measure likely to jeopardize the achievement of the objectives of the Union in the context of the economic union, and particularly to accumulate a debt outside the General Government accounts;
TAKING into account the fact that the heads of State or Government of the Member States of the euro area agreed December 9, 2011 on an architecture enhanced for economic and Monetary Union, taking as a basis the treaties on which the European Union is founded, and to facilitate the implementation of the measures adopted on the basis of articles 121 126 and 136 of the Treaty on the functioning of the European Union;
Taking into account the fact that the heads of State or Government of the Member States of the euro area and other Member States of the European Union aims to integrate as quickly as possible the provisions of this Treaty in the treaties on which the European Union is founded;
SE welcoming the legislative proposals, November 23, 2011, by the Commission European for the euro area in the context of the treaties on which the Union European is based on the strengthening of the surveillance of economic and budgetary of the Member States experiencing or at risk of faced serious difficulties from the point of view of their financial stability and on common provisions for the monitoring and evaluation of projects and budget plans for the correction of excessive deficits of Member States, and taking NOTE of the intention of the Commission European submitting new legislative proposals for the euro area concerning, in particular, advance information on the emissions of debt plans, economic partnership programs detailing the structural reforms of the Member States subject to a procedure concerning excessive deficits and the coordination of the major reforms of economic policy of the Member States;
EXPRESSING the fact that they are prepared to support proposals that could present the Commission European in order to strengthen even more the stability and Growth Pact by introducing, for the Member States whose currency is the euro, a new margin for the establishment of objectives in the medium term in accordance with the limits laid down in this Treaty;
TAKING NOTE of the fact that, for the examination and the monitoring of budgetary commitments in respect of this Treaty, the European Commission will act under the powers conferred by the Treaty on the functioning of the European Union, and in particular articles 121, 126 and 136;
Noting in particular that, with regard to the application of the "rule of budgetary balance" set out in article 3 of this Treaty, this follow-up will pass by establishing, for each Contracting Party to MTOs specific to each country and calendars of convergence, where appropriate;
Noting that the medium-term objectives should be periodically updated on the basis of a method that is agreed to a mutual agreement, the main parameters should also be reviewed regularly taking into account adequately risk posed by explicit and implicit liabilities in public finance, as provided for in the objectives of the stability and Growth Pact;
Noting that, to determine whether sufficient progress has been made to achieve the objectives in the medium term, there is place to carry out an overall assessment taking for reference the structural balance and including an analysis of expenditures, net of the discretionary revenue measures,

in accordance with the provisions of the law of the Union European and, in particular, to Regulation (EC) No 1466/97 of the Council of 7 July 1997 on the strengthening of the surveillance of budgetary positions and the surveillance and coordination of economic policies, as amended by the Regulation (EU) No 1175/2011 of the European Parliament and of the Council of November 16, 2011 (hereinafter referred to as the "revised growth and stability pact");
Noting that the correction mechanism to establish by the contracting parties should aim to correct deviations from the objective in the medium term or the adjustment path, including their cumulative effects on the dynamics of public debt;
Noting that respect for the obligation of the contracting parties to implement the rule of budgetary balance in their systems national legal using binding, permanent and preferably constitutional provisions should fall within the competence of the Court of justice of the European Union, in accordance with article 273 of the Treaty on the functioning of the European Union;
Recalling that article 260 of the Treaty on the functioning of the European Union permits the Court of justice of the European Union to impose payment of a lump sum or penalty payment on a Member State of the European Union which has not complied with one of its judgments and recalling that the European Commission has established criteria to determine the payment of the lump sum or penalty payment to be imposed under the said article.
Recalling the need to facilitate the adoption of measures in the framework of the procedure of the Union European regarding excessive deficits for the Member States whose currency is the euro and the relationship between the public deficit or workforce and gross domestic product more than 3%, while considerably strengthening the objective of this procedure, which is to encourage and , if necessary, compel the Member State concerned to reduce the deficit eventually found;
Recalling the obligation, for contracting parties whose public debt exceeds the 60% reference value, reduced by an average rate of one twentieth annually as a reference;
TAKING account of the need to respect the specific role of the social partners, in the implementation of this Treaty, as it is recognized in law or national systems of each of the contracting parties;
Stressing that no provision of this Treaty must be interpreted as amending in any way whatsoever the economic policy conditions at which assistance was granted to a party under a programme of stabilisation which involved the EU, its Member States or the international monetary fund;
Noting that the proper functioning of EU economic and Monetary Affairs requires that parties contracting work together to a policy whereby, while relying on the mechanisms of coordination of economic policies defined in the treaties on which the European Union is based, they undertake actions and adopt the necessary measures in all areas essential to the proper functioning of the zone euro;
Noting, in particular, the contracting parties will more actively through enhanced cooperation, as provided for in article 20 of the Treaty on European Union and in articles 326 to 334 of the Treaty on the functioning of the European Union, without prejudice to the internal market, and their willingness to use fully the measures concerning the States members whose currency is the euro in accordance with article 136 of the Treaty on the functioning of the European Union, as well as a process of discussion and prior coordination between the contracting parties whose currency is the euro, of all the major reforms of economic policies that they provide, to en vue de prendre take as a reference the best practices;
Recalling the agreement of the heads of State or Government of the Member States of the euro area, October 26, 2011, aimed at improving the governance of the euro area, including through the holding of at least two summits of eurozone per year, which must be convoked, save in exceptional circumstances, immediately after the European Council meetings or meetings of the contracting parties which have ratified this Treaty;
Recalling also the adoption by the heads of State or Government of the Member States of the euro area and other Member States of the European Union, March 25, 2011, the Pact for the euro more, which identifies the key to the promotion of competitiveness issues in the zone euro;
Stressing the importance of the Treaty establishing the European mechanism of stability as part of an overall strategy to strengthen economic and Monetary Union, and making notes that the granting of financial assistance under the new programmes under the European stability mechanism will be conditioning, from March 1, 2013, the ratification of this Treaty by the Contracting Party concerned and , upon the expiry of the deadline for transposition referred to in article 3, paragraph 2, of the present Treaty, comply with the requirements of this article.
Noting that the Kingdom of Belgium, the Federal Republic of Germany, the Republic of Estonia, the Ireland, the Hellenic Republic, the Kingdom of Spain, the French Republic, the Italian Republic, the Republic of Cyprus, the Grand Duchy of Luxembourg, Malta, the Kingdom of the Netherlands, the Republic of Austria, the Portuguese Republic, the Republic of Slovenia, the Slovak Republic and the Republic of Finland are contracting parties whose currency is the euro and that , as such, are bound by this Treaty effective from the first day of the month following the deposit of their instrument of ratification if the Treaty is in force at that date;
Noting also that the Republic of Bulgaria, the Republic of Latvia, the Republic of Lithuania, the Hungary, the Kingdom of Denmark, the Republic of Poland, the Romania and the Kingdom of Sweden are contracting parties who, as Member States of the European Union, are subject to a derogation for participation in the single currency at the date of signature of this Treaty , and they can only be linked, as long as it is not terminated in this derogation, by the provisions of titles III and IV of this Treaty for which they state, depositing their instrument of ratification or at a later date, that they have the intention to be bound, have agreed as follows: title I object and scope of APPLICATION ARTICLE 1 1.
By this Treaty, the contracting parties agree, as Member States of the Union European, to strengthen the economic pillar of economic and Monetary Union by adopting a set of rules designed to foster budgetary discipline through a budgetary Pact, to strengthen the coordination of their economic policies and improve the governance of the euro area, thereby supporting the achievement of the objectives of the Union European sustainable growth employment, competitiveness and social cohesion.
2. this Treaty applies fully to those contracting parties whose currency is the euro. It also applies to other contracting parties, to the extent and under the conditions laid down in article 14.
TITLE II CONSISTENCY AND RELATIONSHIP WITH THE LAW OF THE UNION ARTICLE 2 1. This Treaty is applied and interpreted by the contracting parties in accordance with the treaties on which the European Union is founded, and in particular article 4, paragraph 3, of the Treaty on European Union, as well as the right of the European Union, including the procedural when right there instead of adopting acts of secondary legislation.
2. this Treaty shall apply insofar as it is compatible with the treaties on which the European Union is founded and the law of the European Union. It is without prejudice to the powers conferred on the Union to act in the field of the economic union.
TITLE III PACT BUDGETARY SECTION 3(1). In addition to their obligations to the law of the European Union and without prejudice, the contracting parties shall apply the rules set out in this paragraph: has) the fiscal situation of the Government of a Contracting Party is in balance or in surplus;
(b)) the rule in item a) is considered fulfilled if the annual structural balance of General Government corresponds to the medium term objective specific to each country, as defined in the revised stability and Growth Pact, with a lower limit of gross structural deficit of 0.5% of GDP at market prices. Contracting parties shall ensure a rapid convergence towards their respective medium-term. The timing of this convergence will be proposed by the European Commission, taking into account the risks that weigh on the sustainability of the public finances of each country. The progress made in the direction of the medium-term objective and respect for this objective subject to an overall assessment taking for reference the structural balance and includes an analysis of expenditures, net of discretionary measures in revenue, in accordance with the revised stability and Growth Pact;
c) contracting parties may temporarily depart their respective medium-term objective, or the adjustment path to enable its realization in the event of exceptional circumstances as defined in paragraph 3, point b);

((d) when the ratio between public debt and gross domestic product at market prices is significantly lower than 60% and the risks for the soutenabililite long term public finances are low, the lower limit of such medium-term objective defined in item b) can be raised to reach a structural deficit of maximum 1.0% of gross domestic product at market prices;
(e) a correction mechanism is triggered automatically if significant deviations are found from the target in the medium term or the adjustment path to enable its realization.
This mechanism includes the obligation for the Contracting Party concerned to implement measures to correct these deviations over a specified period.
2. the rules laid down in paragraph 1 shall take effect in the national law of the contracting parties no later than one year after the entry into force of this Treaty, through binding and permanent, preferably constitutional provisions, or including full respect and strict observance throughout the process budgetary nationals are guaranteed in some other way. The contracting parties shall establish, at national level, the correction mechanism referred to in paragraph 1, point e), on the basis of common principles proposed by the European Commission and concerning in particular the nature, magnitude and the timing of the corrective measures to be implemented, including in exceptional circumstances, as well as the role and independence of institutions , at the national level, to verify compliance with the rules set out in paragraph 1. This correction mechanism fully respects the prerogatives of the national parliaments.
3. for the purposes of this section, the definitions contained in article 2 of the Protocol (No 12) on the procedure for excessive deficits, annexed to the treaties of the European Union, are applicable.
Furthermore, the following definitions are also applicable for the purposes of this article: a) 'annual structural balance of public administrations' means the annual balance cyclically-adjusted net of one-off and temporary;
(b) "exceptional circumstances" refer to unusual situations beyond the control of the Contracting Party concerned and having a major impact on the financial situation of public administrations or periods of severe economic downturn as referred to in the Pact of stability and growth revised, provided that the Contracting Party concerned temporary gap jeopardize not its medium-term fiscal soutenabililite.
ARTICLE 4 when the ratio between public debt and GDP gross of a Contracting Party is higher than the reference value of 60% referred to in article 1 of the Protocol (12) on the excessive deficit procedure annexed to the treaties of the European Union, said Contracting Party the reduced at an average rate of one twentieth annually, for reference as provided for in article 2 of Regulation (EC) No 1467/97 of the Council of 7 July 1997 on speeding up and clarifying the implementation of the excessive deficit procedure as amended by the Regulation (EU) No 1177/2011 Council of 8 November 2011. The existence of an excessive deficit due to non-compliance with the criterion of debt will be decided in accordance with the procedure laid down in article 126 of the Treaty on the functioning of the European Union.
ARTICLE 5(1).
A Contracting Party which is the subject of a procedure concerning excessive deficits under the treaties on which the European Union is founded, is implementing a programme of budgetary and economic partnership with a detailed description of the structural reforms to establish and implement to ensure an effective and sustainable by its excessive deficit correction. The content and the form of these programmes are defined in the law of the European Union. Their presentation for approval to the Council of the European Union and the European Commission as well as their follow-up will take place through the existing monitoring procedures under the stability and Growth Pact.
2. the implementation of the programme budget and economic partnership and annual budgetary plans relating thereto, will be monitored by the Council of the European Union and the European Commission.
ARTICLE 6 to better coordinate the planning of their broadcasts of national debt, the contracting parties give in advance to the Council of the European Union and the European Commission to indications on their public debt emissions plans.
ARTICLE 7 in full compliance with the procedural requirements established by the treaties on which the European Union is based, the contracting parties whose currency is the euro shall undertake to support the proposals and recommendations submitted by the Commission where it considers that a Member State of the European Union whose currency is the euro fails to meet the deficit criterion in the context of the excessive deficit procedure. This obligation shall not apply where it is established that, among the contracting parties whose currency is the euro, a qualified majority, calculated by analogy with the relevant provisions of the treaties on which the European Union is founded without taking account of the position of the Contracting Party concerned, is opposed to the proposed or recommended decision.
ARTICLE 8 1. The European Commission is invited to submit in due course to the contracting parties a report on the provisions adopted by them in accordance with article 3, paragraph 2. If, after having given to the Contracting Party concerned the opportunity to submit its observations, the Commission concluded in its report that said Contracting Party has breached article 3, paragraph 2, the Court of justice of the European Union will be seized of the matter by one or more Contracting parties. Where a Contracting Party considers, regardless of the report of the Commission, that another Contracting Party has not complied with article 3, paragraph 2, it may also the Court of justice in this matter. In both cases, the judgment of the Court of justice is binding in respect of the parties to the proceedings, which shall take the measures necessary to comply with judgment within a period to be determined by the Court of justice.
2. where, on the basis of its own assessment or that of the European Commission, a Contracting Party considers that another Contracting Party has not taken the necessary measures to comply with the judgment of the Court of justice referred to in paragraph 1, may seize the Court of justice of the case and ask that financial sanctions be imposed according to the criteria established by the European Commission under article 260 of the Treaty on the functioning
of the European Union. If the Court of justice finds that the Contracting Party concerned has not complied with its judgment, it may impose the payment of a lump sum or penalty payment tailored to circumstances and not exceeding 0.1% of its domestic product gross. The amounts whose payment is imposed on a Contracting Party whose currency is the euro shall be paid to the European stability mechanism. In other cases, payments are made to the general budget of the European Union.
3. This article is a compromise between the parties within the meaning of article 273 of the Treaty on the functioning of the European Union.
Title IV COORDINATION of economic policies and CONVERGENCE ARTICLE 9 on the basis of the coordination of economic policies defined in the Treaty on the functioning of the European Union, the contracting parties undertake to work together to an economic policy that promotes the proper functioning of economic and Monetary Union and which promotes economic growth through the strengthening of convergence and competitiveness. To this end, the contracting parties undertake actions and adopt the necessary measures in all areas essential to the proper functioning of the euro area, to achieve the goals of strengthening the competitiveness, the promotion of employment, a better contribution to the sustainability of public finances and a reinforcement of financial stability.
ARTICLE 10 in accordance with the requirements established by the treaties on which the European Union is founded, the contracting parties are ready to use actively, whenever indicated and required measures relating to Member States whose currency is the euro, such as provided for in article 136 of the Treaty on the functioning of the European Union, as well as enhanced cooperation such as provided for in article 20 of the Treaty on European Union and in articles 326 to 334 of the Treaty on the functioning of the European Union, for the issues essential to the proper functioning of the euro area without prejudice to the internal market.
ARTICLE 11 to assess what are the best practices and to work on an economic policy based on closer coordination, the contracting parties shall ensure that all the major reforms of economic policy which they intend to undertake are discussed in advance and, if necessary, coordinated. This coordination involves the institutions of the European Union as the law of the European Union requires.
TITLE V

GOVERNANCE OF THE EUROZONE 12 1 ARTICLE. The heads of State or Government of the contracting parties whose currency is the euro gather informally at summits of the eurozone which is also the President of the European Commission. The president of the European Central Bank is invited to attend these meetings.
The president of the Summit of the euro area is designated by a simple majority by the heads of State or Government of the contracting parties whose currency is the euro in the election of the president of the European Council and for a term of the same duration.
2. highs in the euro zone are organized, whenever necessary and at least twice a year to discuss issues relating to the specific responsibilities shared by the contracting parties whose currency is the euro with respect to the single currency, other matters relating to the governance of the euro area and the rules that apply to it and the strategic guidelines for the conduct of economic policies to strengthen the convergence to the Breast of the euro area.
3. the heads of State or Government of the contracting parties other than those whose currency is the euro, which have ratified this Treaty, participate in the discussions of the summits of eurozone competitiveness for the contracting parties, the change in the overall eurozone architecture and basic rules that apply to it in the future, as well as as appropriate and at least once a year, in discussions relating to specific issues relating to the implementation of this Treaty on stability, coordination and governance in the economic and Monetary Union.
4. the president of the Summit of the euro area ensure the preparation and continuity of the summits of the eurozone, in close collaboration with the president of the European Commission. The body in charge of preparations for and follow-up to the summits of the eurozone is the Eurogroup.
Its Chairman may be prompted accordingly.
5. the president of the European Parliament may be invited to be heard. The president of the Summit eurozone presents a report to the European Parliament after each Summit of the euro area.
6. the Chairman of the Summit of the euro area is contracting parties other than those whose currency is the euro and the other Member States of the European Union closely informed of the preparation of these summits as well as their results.
ARTICLE 13 as provided for in title II of Protocol (No 1) on the role of national parliaments in the European Union, annexed to the treaties of the European Union, the European Parliament and national parliaments of the contracting parties together define the Organization and promotion of a conference bringing together representatives of the committees of the European Parliament and the representatives of the relevant committees of the national parliaments to discuss fiscal policies and other matters covered by this Treaty.
TITLE VI GENERAL PROVISIONS AND FINAL SECTION 14 (1). This Treaty is ratified by the respective Contracting parties in accordance with their constitutional rules. Instruments of ratification shall be deposited with the general secretariat of the Council of the European Union (hereinafter referred to as the «custodian»).
2. this Treaty shall enter into force on 1 January 2013, provided that twelve Contracting parties whose currency is the euro have deposited their instrument of ratification, or the first day of the month following the deposit of the twelfth instrument of ratification by a Contracting Party whose currency is the euro, the date most close whichever.
3. the present Treaty is applicable from the date of its entry into force in the contracting parties whose currency is the euro which ratified it.
It applies to other contracting parties whose currency is the euro from the first day of the month following the date of deposit of their respective instruments of ratification.
4. by way of derogation from paragraphs 3 and 5, title V is applicable to all contracting parties concerned from the date of entry into force of this Treaty.
5. this Treaty shall apply to the contracting parties subject to a derogation within the meaning of article 139, paragraph 1, of the Treaty on the functioning of the European Union, or a derogation referred to in the Protocol (16) on certain provisions relating to Denmark, annexed to the treaties of the Union European, that have ratified this Treaty, from the date when the decision on the repeal of the said derogation takes effect unless the Contracting Party concerned declares his intention to be bound at an earlier date by all or part of the provisions of titles III and IV of this Treaty.
ARTICLE 15 States members of the European Union other than the contracting parties may accede to this Treaty.
Accession shall take effect at the time of the deposit of the instrument of accession with the depositary, who shall notify such deposit to the other contracting parties. After authentication by the contracting parties, the text of this Treaty in the official language of the Member State, which is also an official language and a working language of the institutions of the Union, is deposited in the archives of the depositary as authentic text of this Treaty.
ARTICLE 16 within a period of up to five years from the date of entry into force of the present Treaty, on the basis of an assessment of the experience gained in its implementation, the necessary measures are taken in accordance with the Treaty on the Union European and to the Treaty on the functioning of the Union European, in order to integrate the content of this Treaty into the legal framework of the Union European.
Done at Brussels, the two March two thousand twelve.
This Treaty, drawn up in a copy unique languages German, English, Bulgarian, Danish, Spanish, Estonian, Finnish, French, Greek, Hungarian, Irish, Italian, Latvian, Lithuanian, Maltese, Dutch, Polish, Portuguese, Romanian, Slovak, Slovenian and Swedish, all texts being equally authentic, shall be deposited in the archives of the depositary, which shall transmit a certified copy to each of the contracting parties.
PROCES - VERBAL of SIGNATURE of the Treaty on stability, the COORDINATION and the governance within the economic and monetary UNION the Plenipotentiary of the Kingdom of Belgium, the Republic of Bulgaria, of the Kingdom of Denmark, of the Federal Republic of Germany, the Republic of Estonia, the Ireland, of the Hellenic Republic, the Kingdom of Spain, the French Republic, the Italian Republic the Republic of Cyprus, the Republic of Latvia, the Republic of Lithuania, the Grand Duchy of Luxembourg, of the Republic of Hungary, the Republic of Malta, of the Kingdom of the Netherlands, of the Republic of Austria, of the Republic of Poland, of the Portuguese Republic, of the Romania, of the Republic of Slovenia, of the Slovak Republic, of the Republic of Finland and of the Kingdom of Sweden conducted today at the signing of the Treaty on stability coordination and governance in the economic and Monetary Union.
On this occasion, the signatories agreed to be annexed to the present deed the following arrangements.
Done at Brussels, 2 March 2012.

Annex Treaty on stability, the COORDINATION and the governance within the economic and monetary ARRANGEMENTS agreed by the PARTIES contracting at the time of the SIGNATURE on the ARTICLE 8 Treaty UNION the following arrangements shall apply when the Court of justice of the European Union will have before it a question in accordance with the second sentence of article 8, paragraph 1, of the Treaty on stability (, coordination and governance in the economic and Monetary Union (hereinafter referred to as the 'Treaty') and on the basis of article 273 of the Treaty on the functioning of the European Union, if the Commission concludes in a report submitted to the contracting parties that one of them has not complied with article 3, paragraph 2, of the Treaty: 1) the motion by which the Court of justice is asked to declare that a Contracting Party has infringed article 3 , paragraph 2, of the Treaty, in accordance with the conclusions of the report of the Commission, will be filed at the registry of the Court of justice by the applicants referred to in paragraph 2, within three months of receipt by the contracting parties of the report of the Commission concluding that a Contracting Party has breached article 3, paragraph 2, the Treaty. The applicants will act in the interests of all the contracting parties which apply articles 3 and 8 of the Treaty and in close cooperation with them, with the exception of the contracting party against which the appeal is formed, and in accordance with the Statute and the rules of procedure of the Court of justice.
(2) the applicants will be the contracting parties which apply articles 3 and 8 of the Treaty, which are the Member States forming the Group predetermined by three Member States holding the Presidency of the Council of the EU in accordance with article 1, paragraph 4, of the rules of procedure of the Council (trio presidency ()) to the date of publication of the report of the Commission ((, insofar as, on that date, i) any report of the Commission has reached to the breach of their share of the obligations imposed on them under article 3, paragraph 2, of the Treaty, ii) they don't

are not the subject of other proceedings before the Court of justice under article 8, paragraph 1 or 2, of the Treaty, and iii) they are not in the failure to act on other justifiable grounds of fundamental nature, in accordance with the General principles of international law.
If none of the three Member States concerned meets these criteria, it is the members of the previous trio of presidencies that the onus of the Court of justice, under the same conditions.
(3) if the applicants upon request, all necessary logistics or technical support will be provided during the course of the procedure before the Court of justice by the contracting parties in the interests of which the appeal was filed.
(4) If charges are exposed by the applicants by reason of the judgment of the Court of justice, these are supported jointly by the contracting parties in the interests of which the appeal was filed.
(5) If, in a new report, the Commission concludes that the Contracting Party concerned complies now with article 3, paragraph 2, of the Treaty, the applicants will immediately inform the Court of justice in writing that they intend to waive the proceeding, in accordance with the relevant provisions of the rules of procedure of the Court of justice.
(6) on the basis of an assessment of the Commission concluding a Contracting Party has not taken the necessary measures to comply with the judgment of the Court of justice referred to in article 8, paragraph 1, of the Treaty, contracting parties which apply articles 3 and 8 of the Treaty declare their intention to make full use of the procedure established by article 8 , paragraph 2, for the Court of justice of the case, on the basis of the agreed arrangements concerning the implementation of article 8, paragraph 1, of the Treaty.
Declaration by the Kingdom of Belgium on national parliaments the precise Belgium that, under its constitutional law, both the House of representatives that the Senate of the federal Parliament that the parliaments of the communities and the regions Act, within their competences, as components of the national Parliament within the meaning of the Treaty on stability, coordination and governance in the economic and Monetary Union.

Treaty on stability, coordination and governance in the economic and Monetary Union between the Kingdom of Belgium, the Kingdom of Denmark, the Republic of Bulgaria, the Federal Republic of Germany, the Republic of Estonia, the Ireland, the Hellenic Republic, the Kingdom of Spain, the French Republic, the Italian Republic, the Republic of Cyprus, the Republic of Latvia, the Republic of Lithuania , the Grand Duchy of Luxembourg, the Hungary, Malta, the Kingdom of the Netherlands, the Republic of Austria, the Republic of Poland, the Portuguese Republic, the Romania, the Republic of Slovenia, the Slovak Republic, the Republic of Finland and the Kingdom of Sweden, done at Brussels on March 2, 2012 EtatsDate consentementDate Consentemententree force authentificationType local ALLEMAGNE02/03/2012Ratification27/09/201201/01/2013 AUTRICHE02/03/2012Ratification30/07/201201/01/2013 BELGIQUE02/03/2012Ratification28/03/201401/04/2014 BULGARIE02/03/2012Ratification14/01/201401/02. 2014 CHYPRE02/03/2012Ratification26/07/201201/01/2013 DANEMARK02/03/2012Ratification19/07/201201/01/2013 ESPAGNE02/03/2012Ratification27/09/201201/01/2013 ESTONIE02/03/2012Ratification05/12/201201/01/2013 FINLANDE02/03/2012Ratification21/12/201201/01/2013 FRANCE02/03/2012Ratification26/11/201201/01/2013 GRECE02/03/2012Ratification10/05/201201/01/2013 HONGRIE02/03/2012Ratification15/05/201301/06/2013 IRLANDE02/03/2012Ratification14/12/201201/01/2013 ITALIE02/03/2012Ratification14/09/201201/01/2013 LETTONIE02/03/2012Ratification22/06/201201/01/2013 LITUANIE02/03. 2012Ratification06/09/201201/01/2013 LUXEMBOURG02/03/2012Ratification08/05/201301/06/2013 MALTE02/03/2012Ratification28/06/201301/07/2013 country-BAS02/03/2012Ratification08/10/201301/11/2013 POLOGNE02/03/2012Ratification08/08/201301/09/2013 PORTUGAL02/03/2012Ratification25/07/201201/01/2013 ROUMANIE02/03/2012Ratification06/11/201201/01/2013 SLOVAQUIE02/03/2012Ratification17/01/201301/02/2013 SLOVENIE02/03/2012Ratification30/05/201201/01/2013 SUEDE02/03/2012Ratification03/05/201301/06/2013