Published on Dec 13, 2011 by Euronews
http://www.euronews.net/ A new fiscal treaty with stricter budget rules will be in place by mid-2012, according to the European Council's president.
Herman Van Rompuy says the first draft may even be ready by next week: "I'm optimistic because I know it's going to be close to 27. In fact 26 leaders indicated their interest in these efforts. They recognised the euro is a common good. Then by early March at the latest, this fiscal compact treaty will be signed. The aim is for the ESM treaty to be ratified by mid 2012."
Herman Van Rompuy says the first draft may even be ready by next week: "I'm optimistic because I know it's going to be close to 27. In fact 26 leaders indicated their interest in these efforts. They recognised the euro is a common good. Then by early March at the latest, this fiscal compact treaty will be signed. The aim is for the ESM treaty to be ratified by mid 2012."
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