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European Union (Approval of Treaty Amendment Decision) Act 2012

Government Bill

Originated in the House of Lords, session 2012-13

Last updated: 2 November 2012 at 09:09

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Long title

A Bill to make provision for the purposes of section 3 of the European Union Act 2011 in relation to the European Council decision of 25 March 2011 amending Article 136 of the Treaty on the Functioning of the European Union with regard to a stability mechanism for Member States whose currency is the euro.

Summary

The Bill enables the UK to ratify an amendment to Article 136 of the Treaty on the Functioning of the European Union.

The amendment will give legal basis to the creation of a permanent European Stability Mechanism (ESM), which will provide financial assistance to eurozone States, up to a limit of €500bn, in order to safeguard the economic stability of the eurozone.

The ESM is established in a separate treaty between the 17 Member States in the eurozone.

Sponsoring departments

Foreign and Commonwealth Office
Lord Howell of Guildford
Conservative, Life peer
Foreign and Commonwealth Office
Mr William Hague
Conservative, Richmond (Yorks)

Current version of the Bill

5 July 2012
Commons

Bill passage

Bill started in the House of Lords
1st reading
2nd reading
Committee stage
Report stage
3rd reading
Bill in the House of Commons
1st reading
2nd reading
Committee stage
Report stage
3rd reading
Final stages
Consideration of amendments
Royal Assent
Key
Complete
In progress
Not applicable
Not yet reached