Downing Street Says » EU Treaty

» Wednesday, January 11, 2012

EU Treaty

Asked if he was aware of the third draft of the European fiscal pact that suggested the Prime Minister had got his way, that reference to the single market had been removed and that the role of the ECJ had been watered down, the PMOS said that the Government’s position had always been that this agreement was fundamentally about fiscal rules for the Eurozone. That seemed to be the nature of the agreement as it stood. This was an ongoing discussion and no doubt the draft would go through further iterations in the coming weeks.

Asked if he was pleased, the PMOS said there was a wider view held in lots of European countries that there was a need for greater coordination of fiscal policy, but that the agreement should not in any way cut across the existing treaty. Asked if he would describe that as progress, the PMOS said he thought that was progress.

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