The countries of the euro renounce their budgetary autonomy. The comments on the new budgetary discipline treaty neglected, as far as I'm aware, to stress the extent to which this agreement reduces and limits the sovereignty of the signatory countries in the areas it covers. The rules imposed are strict and detailed, and the responsibility for ensuring that they are observed lies with the European Commission, the judgment of which can be revised only by a very clear majority of the Council....