GENERAL NEWS / (eu) eu/ecofin council

Agreement in principle of set up EU Crisis Management Committee to raise the alarm about financial crisis

Luxembourg, 20/10/2009 (Agence Europe) - On Tuesday 20 October 2009, EU finance ministers agreed in principle to set up a European Crisis Managing Committee (ECMC) under the macroeconomic arms of the package of new EU legislation to reform the EU financial supervision system (see EUROPE 9997 and 9998). It was not possible to agree to the general guidelines promoted by the Swedish Presidency of the Council of the EU because the British delegation would not withdraw its parliamentary...