Ad
EU Council: the tweak to the Lisbon Treaty is to be carried out via 'simplified procedure' (Photo: consilium.europa.au)

Private sector to share in future bail-out costs

A two-sentence paragraph to be inserted into the Lisbon Treaty will prepare the legal groundwork for a permanent European Stability Mechanism (ESM) from mid-2013 onwards, under which the costs of future eurozone bail-outs may also be shared by sector private sector participants.

"The member states whose currency is the euro may establish a stability mechanism to safeguard the stability of the euro area as a whole. The granting of financial assistance under the mechanism will be made su...

Get EU news that matters

Back our independent journalism by becoming a supporting member

Already a member? Login here
EU Council: the tweak to the Lisbon Treaty is to be carried out via 'simplified procedure' (Photo: consilium.europa.au)

Tags

Ad
Ad
Ad