On monday evening the leaders of 25 out of 27 member states agreed upon a fiscal compact. LYMEC is disappointed by the result, which after months of negotiating seems to have watered down to a blurry compromise. The European young liberals believe that a strong Euro and a good functioning internal market can only exist if countries stick to budgetary discipline. The pact agreed however still allows to easily circumvent the debt brakes that it creates and that are meant to prevent national governments from consuming the money of future generations.