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The EU Treaty on Stability, Coordination and Governance in the Economic and Monetary Union was signed on March 2, 2012. The EU states, "In the margins of the European Council meeting on 1-2 March 2012, 25 European leaders signed the Treaty on Stability, Coordination and Governance (TSCG) aimed at strengthening fiscal discipline and introducing stricter surveillance within the euro area, in particular by establishing a "balanced budget rule". The content of the treaty had been endorsed at the last European Council meeting in January."
