On Monday evening, 25 of the EU’s 27 countries decided to join the pact. Britain refused to join last year. The relevant contracts will be signed in early March.

However, if Czechia wants to join the eurozone, which it is committed to in an EU accession agreement, it will still have to join the pact at some point. “The condition for accession to the eurozone is the approval and ratification of this agreement. If someone wants to be in the eurozone, they have to agree to this agreement,” Nečas said.

According to Nečas, one of the reasons why Czechia did not join Monday’s agreement was that it was not clear how the pact would be ratified in the Czech Republic. According to him, in order to sign, the prime minister needs, among other things, the authorization of the president, whose signature is also required to complete the endorsement. But President Václav Klaus, known for his critical attitude towards the EU, has stated that he will not join under this agreement.

“The insurmountable reason is that if we don’t find a wider political consensus on the method of ratification, then the agreement is very difficult to accept,” Nečas said. “Even the government of the Czech Republic knows and relies on the fact that the Prime Minister will not sign this contract if no agreement is reached on the ratification procedure. international whales,” Nečas said.

Read European media commentary on the Czech Republic’s position here:

A Budget Discipline Pact is being drafted in response to the debt crisis, which has hit particularly hard in eurozone countries. Because of this, there is also speculation about his possible breakup. Czechia implemented a number of things from the pact itself, the Prime Minister emphasized. Otherwise, Nečas was highly critical of the pact, which he said meant a massive transfer of power from the member states to the unions. “The text of this contract does not bring the Czech Republic anything new or useful, except for the measures it imposed on itself,” he said.

Participating in eurozone summits is also a problem. Czechia, like Poland, advocates for guarantees of participation under equal conditions, although this does not mean that non-eurozone countries will decide the affairs of countries using the euro.

The partners eventually succeeded in convincing the Poles to join the pact. European Union President Herman van Rompuy explained this by saying that the countries that ratify the pact will be “drawn” into the debate on topics related to the agreement and possible changes in the fundamental architecture of the eurozone.

Van Rompuy described the compromise as very reasonable. The reason, among other things, is that the eurozone must always explain why it intends to meet without the participation of non-euro countries. “I consider this shift insufficient,” Nečas said of the concessions offered by the partners. He pointed out that the Czech Republic would “have” a more significant participation in the observer position.

According to Nečas, apart from participating in the eurozone summit, Czechia also had problems with insufficient weight being given to the debt criteria in the pact. According to him, the state should not have a national debt of more than 60 percent of gross domestic product. A number of countries, led by Greece, Italy and Belgium, are now surpassing this condition.