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17.12.2010
The EU has changed the Lisbon Treaty and created a new mechanism to protect the euro area
The EU has changed the Lisbon Treaty and created a new mechanism to protect the euro area

Permanent mechanism to help countries whose debt problems threaten the stability of the entire euro area - a result of the meeting of leaders of EU countries.

Thus, by 2013 the current temporary emergency fund, which amounts to about 750 billion euros (1trln. dollars) to replace the European mechanism for financial stability (EFSF).

That the scheme to maintain stability euro was agreed, should be amended in the Treaty of Lisbon (the main EU agreement).

According to the chairman of the European Council of Herman van Rompuy as EU leaders prepared for any action to protect the euro.

In this case, the agreement referred to that country, which will require capital injections in order to support stability, must themselves take steps to combat the deficit and debt.

France and Germany have sought to include in the list of amendments and their proposal for the punishment of violators of the euro area fiscal policy - up to the deprivation of offending the right to vote in the governing bodies of the EU. While the idea of enthusiasm for the EU Member States did not cause.



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