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17.03.2011
A compromise on the issue of providing financial assistance to members of a monetary union
A compromise on the issue of providing financial assistance to members of a monetary union

Leaders of 17 euro zone countries were able to agree on assistance to members of the Monetary Union, which became mired in debt. The amount of financial assistance is up to $ 500 billion.  The powers of anti-crisis fund the euro zone will also expand. He will have the opportunity to buy government bonds of countries in need of monetary union. But this opportunity will be feasible only if the primary issue of government bonds. At the same time, credit and buying gosbondov can be performed only in those countries that pursue economic reforms. There will also be facilitated conditions for the return of debts. Reduce interest rates on loans.

 All countries in the euro zone were approved by the Pact for the euro, in which States have committed themselves to improve the competitiveness of their economies. This will be accomplished through reforms in the labor market, social insurance and performance-oriented labor policies to pay for the work.

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