| Author (Person) | Pignal, Stanley |
|---|---|
| Series Title | Financial Times |
| Series Details | 28.1.11 |
| Publication Date | 28/01/2011 |
| Content Type | News |
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Debts raised by the eurozone's new bail-out fund will have to be recorded in the national government accounts of participating countries, potentially adding billions of euros to already stretched national balance sheets, the European Union’s statistical office ruled on the 27 January 2011. The decision means that any money borrowed to bail out Ireland, and potential future aid packages for “peripheral” eurozone countries, will be reflected on national debt figures in Paris, Berlin and Rome rather than in those of the European financial stability facility, the Luxembourg-based vehicle created to run the bail-outs. |
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| Subject Categories | Economic and Financial Affairs |
| Countries / Regions | Europe |
