Research Briefing
The Treaty on Stability, Coordination and Governance in the Economic and Monetary Union: political issues
This paper looks at the background to the TSCG, the reasons for the UK’s non-participation and some of the issues it raises, such as its effectiveness, its relationship with the EU Treaties and EU law, the use of the EU institutions in a non-EU treaty, and whether it could give rise to a ‘two-speed’ Europe and further UK isolation in the EU.