Klaus refuses to sign rescue fund addendum

07-12-2012

President Václav Klaus has refused to sign an addendum to the Lisbon Treaty on the creation of a European Stability Mechanism. The president said on Friday that he considers the European Stabilization Mechanism to be ill-conceived and absurd. The addendum to the treaty which was agreed on at an EU summit last December has been ratified by both chambers of Czech Parliament, but the president’s refusal to sign it makes the Czech Republic the only EU member state not to have completed the ratification process. The Senate called on the president on Thursday to sign the addendum without further delay, noting that failure to comply with Parliament’s decision in this matter would be in violation of the constitution.