Merkel: Germany will demand at the EU summit tough sanctions against states - violators of budgetary discipline

Germany will demand at the EU summit as tough sanctions against states - the EU budget discipline violators. According to ITAR-Tass said today Chancellor Angela Merkel's arrival at the EU summit.

"Germany will support the most severe sanctions", - she said.

At the last EU summit in June, just after the peak of the financial crisis, the euro area, community leaders agreed on the need to agree on a clear set of measures that would compel states to comply with EU fiscal discipline. At the same time to the present moment a compromise is not found.

On the negotiating table only two real proposals. The first of them developed by Germany and the deprivation of offending the right to vote in the EU Council to rectify the situation. This option, however, met stiff resistance of the majority of the community. The second option - the proposal of the task force to develop measures of fiscal discipline under the direction of EU president Herman van Rompuy providing funding cuts of the violator from the funds of the EU. A serious drawback of this project is that it puts the state community at a disadvantage because the amounts of their European subsidies varies significantly.

Basic economic document community - Stability and Growth Pact - set limit budget deficits of EU countries at 3% of GDP, but this rule is violated everywhere. Original record was set in 2009, when the global financial crisis, these norms are violated 20 of the 27 EU states.

Compliance with the Stability and Growth Pact today is based solely on the goodwill of EU member states. There is only so-called "procedure to eliminate violations, which initiates EU Commission, however, it is solely in the preparation of perspective plan of action for 6-18 months to rectify the situation and has no real sanctions that can be applied to the country of the offender.