How about existing fiscal arrangements?
Created within the Maastricht Treaty, the SGP targets discipline in public areas budgets, primarily with a complicated excessive deficit procedure. It hasn’t been executed and was loosened in 2005. National ministers deciding by qualified majority and getting the final say have preferred a cooperative approach up to now – because so many students would if deciding collectively who’ll pass their exams. The EU is finalising another SGP reform. You will have a fresh preventive part, but probably no automatic sanctions (Kafsack 2011).