Fiscal Compact

The aim to tighten budgetary discipline in EU states and the agreed upon measures are mainly a step in the right direction. The great expectations placed in this aim will, however, be disappointed: the Fiscal Compact ensures neither the introduction of the debt brake into national law nor its application. In particular, the other Contracting Parties do not the means to act where single governments do not comply with the rules of their own debt brake. Even in Germany, where the Constitution and constitutional courts enjoy a particularly high degree of importance compared to other EU countries, in the past there have been unconstitutional budgets nevertheless.