Memo: The European Stabilization Mechanism

Author (Corporate)
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Series Details MEMO/10/173 (10.5.10)
Publication Date 10/05/2010
Content Type ,

On 9 May 2010, the Council adopted a European Stabilisation Mechanism to preserve financial stability in Europe. The mechanism is based on Art. 122.2 of the Treaty and an intergovernmental agreement of euro area Member States. Earlier, the Commission had held an extraordinary meeting to adopt its proposal for a Regulation under Article 122

Source Link http://europa.eu/rapid/pressReleasesAction.do?reference=MEMO/10/173&format=HTML&aged=0&language=EN&guiLanguage=en
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