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Image header Agence Europe
Europe Daily Bulletin No. 10148
Contents Publication in full By article 13 / 28
GENERAL NEWS / (eu) eu/economy

European financial stabilisation mechanism is equivalent to de facto change in Treaty, says Pierre Lellouche

Brussels, 28/05/2010 (Agence Europe) - The setting in place of a stabilisation mechanism is an “enormous change” for the EU and its rules, explains Pierre Lellouche, likening this development to a de facto change in the EU Treaty. In an interview with The Financial Times which came out on Friday 28 May, the French secretary of state for European affairs considers that “the €440 billion mechanism is nothing less than the importation of NATO's Article 5 mutual defence clause applied to...

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