The law of 12 July 2014 on the coordination and governance of public finances adopts number of elements from the so-called 'Fiscal Compact' into national law. It notably includes fiscal rules, closely aligned with those of the preventive arm of the Stability and Growth Pact.
The law of 12 July 2014 also contains elements from the so-called Two-Pack and Six-Pack initiatives.
Treaty on Stability, Coordination and Governance / Fiscal Compact
- Original text of the Treaty - including the Fiscal Compact (title III)
Treaty on the Functioning of the European Union (TFEU)
- Art. 121 - multilateral surveillance
- Art. 126 - the 'Excessive Deficit Procedure' (EDP)
- Art. 136 - dispositions propres aux États membres dont la monnaie est l'euro
- Protocol (no. 12) on the Excessive Deficit Procedure
Stability and Growth Pact
- Regulation 1466/97 - preventive arm (consolidated version)
- Regulation 1467/97 - corrective arm (consolidated version)
Six-Pack
- Directive 2011/85/EU on requirements for budgetary frameworks
- Regulation 1173/2011- effective enforcement of budgetary surveillance in the euro area – sanctions regulation
- Regulation 1174/2011 - enforcement measures to correct excessive macroeconomic imbalances in the euro area
- Regulation 1176/2011 - prevention and correction of macroeconomic imbalances
Two-Pack
- Regulation 473/2013 - common provisions for monitoring and assessing draft budgetary plans and ensuring the correction of excessive deficit of Member States
- Regulation 472/2013 - strengthening of economic and budgetary surveillance of Member States
Economic governance reform - 2024
- Regulation (EU) 2024/1263 - effective coordination of economic policies and on multilateral budgetary surveillance and repealing Regulation (EC) No 1466/97
- Regulation (EU) 2024/1264 - amending Regulation (EC) No 1467/97 on speeding up and clarifying the implementation of the excessive deficit procedure
- Council Directive (EU) 2024/1265 - amending Directive 2011/85/EU on requirements for budgetary frameworks of the Member States
Others
- Common principles on national correction mechanisms
- Code of Conduct : Specifications on the implementation of the Stability and Growth Pact
- Two-Pack Code of Conduct
- Making the best use of the flexibility within the existing rules of the Stability and Growth Pact
- OECD's principles for Independent Fiscal Institutions