How will it enshrine the principle of the free market?
A. The Treaty embraces the free market as a guiding principle, the member states and the Union shall act in accordance with the principle of an open market economy with free competition (Art 105TFEU), while Protocol 6 of the new Treaty states that the internal market will include a system to ensure that competition is not distorted. Its trade policy encourages the integration of all countries into the world economy, through the progressive abolition of restrictions on international trade (Art 10A TEU). A further aim of the EU is price stability which will be used to limit member states public spending. Already the Growth and Stability Pact restricts government debt to 3 per cent of GDP, Lisbon goes further where the Council decides..that an excessive deficit exists it shall adopt without undue delayrecommendations addressed to the member state concerned with a view to bringing the situation to an end within a given period (Art 104c). Member states ability to decide its own economic pol
