Romania to modify constitution after EU summit

Romania is among the EU members in favour of a tax and budget pact, but it has to change the constitution to meet the challenges.

Nine of the ten EU states that are not members of the single currency area – Romania amnong them – have indicated their willingness to join the 17 members of the eurozone in drafting a new treaty aimed at achieving deeper fiscal union and tackling the sovereign debt crisis, following an EU meeting last week.

The accord will include penalties for countries breaking tight deficit rules and will be backed by a treaty between governments, not an EU treaty, as Britain used its veto to deny that possibility.

“Bulgaria, the Czech Republic, Denmark, Hungary, Latvia, Lithuania, Poland, Romania and Sweden have indicated the possibility of taking part in this process after consulting their Parliaments where appropriate,” the draft conclusions of the meeting said.

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