Author (Person) | Barber, Tony, Benoit, Bertrand |
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Series Title | Financial Times |
Series Details | 19.2.09 |
Publication Date | 19/02/2009 |
Content Type | News |
Article reports that Germany signalled February 2009 that it would support emergency action to protect the eurozone if one of its 16 member-states found itself in such serious difficulties that it could not refinance its debt. The government would back assistance to a troubled eurozone state in spite of a European Union rule, known as the 'no bail-out clause', which prohibits collective liability for debt incurred by an EU state. |
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Countries / Regions | Europe |