Who Has, Who Has Not, and Who Will Not Ratify the Fiscal Stability Treaty ?

[C. Flower]

http://en.wikipedia.org/wiki/European_Fiscal_Compact

25 of 27 countries have signed the Treaty and may ratify it by Jan 1st 2013. Britain and the Czech Republic did not.

12 countries are required to decide on it for it to come into effect.

http://www.rte.ie/blogs/european/201...-happens-next/

So far, the countries that have ratified the treaty are

This site is updating ratification

http://www.iiea.com/blogosphere/the-...---infographic

As of today -

[PaddyJoe]

http://en.wikipedia.org/wiki/European_Fiscal_Compact

25 of 27 countries have signed the Treaty and may ratify it by Jan 1st 2013.

12 countries are required to decide on it for it to come into effect.

http://www.rte.ie/blogs/european/201...-happens-next/

So far, the countries that have ratified the treaty are

This site is updating ratification

http://www.iiea.com/blogosphere/the-...---infographic

As of today -

That site is a good find. Only Greece, Portugal and Slovenia have ratified so far.

[C. Flower]

That site is a good find. Only Greece, Portugal and Slovenia have ratified so far.

And on the maybe side, France will not ratify it without changes, and so far Germany has not ratified - the opposition has not agreed to it, and a "supermajority" is required.

[PaddyJoe]

Geert Wilders is trying to put a spoke in the wheel of the ESM:

AMSTERDAM | Tue May 22, 2012 5:42pm EDT
(Reuters) - Dutch politician Geert Wilders, who aims to turn a September 12 election into a referendum on the euro and EU membership, filed a lawsuit on Tuesday aimed at postponing the Dutch parliament's ratification of Europe's permanent bailout fund until after the vote.

http://www.reuters.com/article/2012/...84L1BE20120522

[PaddyJoe]

The Bundestag will ratify the Fiscal Treaty and the ESM on the 29th June:

BERLIN (MNI) - German Chancellor Angela Merkel's center-right government coalition and the main opposition parties agreed on Thursday on a date for ratifying the EU fiscal compact and the permanent European bailout fund ESM in the lower house of parliament, the Bundestag.

The vote is to take place on June 29. A date for the vote in the upper house, the Bundesrat representing the 16 states, has not yet been set. Merkel will meet the prime ministers of the states this afternoon in Berlin for talks on the matter.

Since ratification of the fiscal compact in Germany requires a two-thirds majority in the Bundestag and the Bundesrat, Merkel needs support from the oppositio

https://mninews.deutsche-boerse.com/...ct-esm-june-29

[C. Flower]

France has ratified the Treaty.

https://mninews.deutsche-boerse.com/...fiscal-compact

The Leftist Front opposed ratification.

The lower house of the French parliament, the National Assembly, ratified on Tuesday with an overwhelming majority of 477 to 70 a package of bills allowing France to sign on to the EU Fiscal Compact aimed at eliminating public deficits over the medium term. After the country's Constitution Court ruled in August in favor of the new Socialist government's plan to apply a cap on budget deficits through an overriding "organic" law and not a constitutional amendment, the Assembly's vote marks the penultimate step toward formal ratification of the Compact. The upper house, the Senate, is scheduled to open the debate on the bills on Wednesday.
Yet today's vote is only a partial victory for the government, since the debate over the Compact once again revealed the rifts within the Socialist Party over the enhanced powers of Brussels bureaucrats to intervene in one of the few remaining domains where national parliaments retain semblance of sovereignty.