login
login

Europe Daily Bulletin No. 10538

25 January 2012
ECONOMY - FINANCES / (ae) eurogroup
Countries must ratify Budget Pact before obtaining ESM cash

Brussels, 24/01/2012 (Agence Europe) - Any EU member state in financial trouble will only be able to receive a loan from the European Stability Mechanism (ESM), the new bailout fund, if it has ratified the intergovernmental treaty on budget convergence (the Budget Pact), explained eurozone finance ministers on Monday evening. The chair of the Eurogroup, Jean-Claude Juncker, said that the ministers had made the Budget Pact a condition for the ESM and this would be set out in the treaty...

Contents

A LOOK BEHIND THE NEWS
ECONOMY - FINANCES
SECTORAL POLICY
SOCIAL AFFAIRS - CULTURE - EDUCATION
INSTITUTIONAL
EXTERNAL ACTION