ECB glossary

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T

TFEU
See
Treaty on the Functioning of the European Union (TFEU)
transaction cost
Costs that are identifiable as related to the specific transaction.
transaction price
The price agreed between the parties when a contract is made.
Treaty establishing the European Community
See
Treaty on the Functioning of the European Union (TFEU)
Treaty of Lisbon
The Treaty amending the Union’s two core treaties: the Treaty on European Union and the Treaty establishing the European Community; the latter being renamed the Treaty on the Functioning of the European Union. The Treaty of Lisbon was signed in Lisbon on 13 December 2007 and entered into force on 1 December 2009.
Treaty on Stability, Coordination and Governance in the Economic and Monetary Union (TSCG)
An intergovernmental treaty, which was signed in Brussels on 2 March 2012 and entered into force on 1 January 2013. It contains a “fiscal compact”, which complements and, in some areas, enhances key provisions of the Stability and Growth Pact. Among other things, this Treaty requires the Member States that have ratified it to enshrine a balanced budget in national law and increases the role of independent fiscal monitoring bodies. See also
Stability and Growth Pact (SGP)
Treaty on the Functioning of the European Union (TFEU)
Following entry into force of the Treaty of Lisbon on 1 December 2009, the Treaty establishing the European Community was renamed the Treaty on the Functioning of the European Union (TFEU). This Treaty - referred to as the Treaty of Rome (signed in Rome on 25 March 1957) - entered into force on 1 January 1958 to establish the European Economic Community (EEC). The Treaty establishing the European Community was subsequently amended by the Treaty on European Union (often referred to as the Maastricht Treaty) which was signed on 7 February 1992 and entered into force on 1 November 1993, thereby establishing the EU. Thereafter, both the Treaty establishing the European Community and the Treaty on European Union were amended by the Treaty of Amsterdam, signed on 2 October 1997 and in force as of 1 May 1999, the Treaty of Nice, signed on 26 February 2001 and in force as of 1 February 2003, and then by the Treaty of Lisbon.
TSCG
See
Treaty on Stability, Coordination and Governance in the Economic and Monetary Union (TSCG)