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Europe Daily Bulletin No. 10552

14 February 2012
ECONOMY - FINANCE - BUSINESS / (ae) economy
Gauzès - giving legal protection to a struggling country

Brussels, 13/02/2012 (Agence Europe) - A member state that may find itself unable to honour its debts in the near future should be given legal protection, like that provided to companies that go into liquidation, argued Jean-Paul Gauzès (EPP, France), rapporteur for one of the two draft regulations adjusting the revised stability and growth pact (see EUROPE 10501). Putting a eurozone nation under legal protection like this would mean that the maturity clauses for its debts would no longer...

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