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Europe Daily Bulletin No. 13251

16 September 2023
Contents Publication in full By article 11 / 34
ECONOMY - FINANCE - BUSINESS / Esm
Not ratifying reform of European Stability Mechanism will have consequences for entire euro area, warns Paschal Donohoe
Santiago de Compostela, 15/09/2023 (Agence Europe)

On Friday 15 September, the President of the Eurogroup, Paschal Donohoe, warned Italy against a possible failure to ratify the revision of the international treaty establishing the European Stability Mechanism (ESM), the euro area’s permanent rescue fund (see EUROPE B13203A7).

If Italy does not proceed with the ratification, it is not only Italy that will not benefit from the safety net that the ESM will provide, but this will not be possible for the whole euro area”, he declared at...

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