Stabiliteitspact krijgt plaats in herziene Duitse grondwet (en)

Germany's obligations under the stability pact, the rules governing the euro, are to be included in its constitution, following an agreement on Sunday (12 December).

These planned reforms, which have to be approved by parliament, would see Germany's states pay a part of any fines received under the stability pact.

A fine is the ultimate punishment meted out under the pact for failure to adhere to its rules of maintaining a budget deficit of below three percent of GDP.

Germany has broken the Pact three years in a row.

According to FT Deutschland, the federal government would have to pay 65% of the fines, while the 16 states would have to pay 35% of the fines.

The agreement came after several months of cross-party negotiation which finally allowed the federalism commission on Sunday to announce a deal.

The proposals concerning the Stability Pact are part of wider constitutional reform in Germany.