EU summit: UK and Czechs refuse to join fiscal compact

Posted on January 30, 2012

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Twenty-five of the EU’s 27 member states have agreed to join a fiscal treaty to enforce budget discipline.

The Czech Republic and the UK refused to sign up. The UK’s position was already well known, while the Czechs cited “ratification reasons”.

Czech President Vaclav Klaus, a Eurosceptic, may be reluctant to sign the treaty, called a “fiscal compact”.

The goal is much closer co-ordination of budget policy across the EU to prevent excessive debts accumulating.

BBC

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