Overview

This bill approves a European Union decision from March 25, 2011, that amends the Treaty on the Functioning of the European Union to create a stability mechanism for Eurozone member states. The bill ensures this decision is legally valid in the UK.

Description

The European Union (Approval of Treaty Amendment Decision) Bill formally approves a specific EU decision (2011/199/EU). This decision modifies Article 136 of the Treaty on the Functioning of the European Union, establishing a financial stability mechanism for eurozone countries facing economic difficulties. The bill confirms the UK's agreement with this mechanism. Importantly, the bill clarifies that this decision does not require a UK referendum, in accordance with Section 4 of the European Union Act 2011.

Key Points:

• Approves EU decision 2011/199/EU.
• Amends Article 136 of the Treaty on the Functioning of the EU.
• Establishes a stability mechanism for Eurozone members.
• Bypasses the UK referendum requirement.

Government Spending

The bill itself doesn't directly specify government spending. Its impact on government finances will be indirect and depend on the functioning of the Eurozone stability mechanism. No figures are provided in the bill text.

Groups Affected

• UK Government: Legally obligates the government to recognize the EU decision.
• Eurozone Member States: Directly affected by the stability mechanism created by the approved decision.
• UK taxpayers (indirectly): Potentially impacted through the UK's relationship with the EU and financial implications related to the Eurozone's stability.

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