Politics World

Euro: the future of the EU discussions on the menu of Czech-German

Czech Prime Minister Petr Necas and German Chancellor Angela Merkel met Thursday to consider the future of the euro area in anticipation of the EU summit in Brussels, according to the spokesman of the Czech government.

Government leaders will exchange opinions on the particular fiscal pact of the European Union.

Yesterday meeting in informal summit in Brussels, the bloc adopted the treaty on the mechanism of relief of 500 billion euros and initialed the Treaty on fiscal discipline. The Czech Republic has refused to commit.

On 30 January 25 of twenty-seven States of the EU adopted the new treaty which establishes a “golden rule” and reinforces the general procedures of budgetary discipline and punishment for those who violate.

Prague and London have refused to commit.

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