Brussels, 25/01/2012 (Agence Europe) - On Tuesday 24 January, the Ecofin Council held an initial debate on two draft regulations supplementing the Stability and Growth Pact, an updated version of which came into force last month (see EUROPE 10500).
Most European finance ministers say that the Ecofin Council should be authorised to decide by a qualified majority to recommend that a member state request international financial aid from the European Stability Mechanism (ESM) to prevent any...