# Germany ratifies the Treaty on Stability, Coordination and Governance

Date: 2012

The fiscal compact of 2012 required balanced-budget rules in national law. Germany was a principal sponsor. It is a completed fiscal-governance act with later flexibility fights.

## People

- Angela Merkel: https://factrail.ai/people/angela-merkel

## Drivers

- Public-Debt Sustainability: https://factrail.ai/drivers/public-debt-sustainability

## Sources

- https://www.consilium.europa.eu/en/documents-publications/treaties-agreements/agreement/?id=2012001
- https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:42012A0302(01)

## Methodology

https://factrail.ai/methodology

Canonical: https://factrail.ai/facts/de-fiscal-compact-2012