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       Sep 8, 2010 - 03:21
Eu finance ministers in defence of the euro
09:33
04
June
2010
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The EU economy ministers meet in Brussels to defend the euro “by any means” against speculation, looking for every way to send a clear message before markets reopen Monday ‘morning.
The umpteenth meeting “extraordinary” and ‘just begun in Brussels, after some preliminary talks between the different protagonists, but the signals pre Ecofin are not more’ reassurance UNITA ‘among the 27 with the English, who promises to not wanting to support the stabilization fund expected to “save” the States in trouble ‘. As for the EU Commission, will propose ‘the extension of a facility provided by the Lisbon Treaty for Member States outside the euro zone even those that use the euro. To this add to a mechanism already ‘exists, the Commission’s proposal to increase to 60 billion the amount available to support the balances of payments, from the current 50. The funds would be guaranteed by the 27 and allow the Board to arrive to lend up to 10 times that amount. The conditions of loans to EU members would follow the rules established by the International Monetary Fund. The committee’s proposal also includes, as an additional measure reserved for the eurozone countries, a separate mechanism of intergovernmental loans.

source intfreshnews.com
 
 
 
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