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Europe Daily Bulletin No. 10739

28 November 2012
COURT OF JUSTICE OF THE EU / (ae) cjeu
Decision to create the ESM and the ESM Treaty gets legal thumbs-up

Brussels, 27/11/2012 (Agence Europe) - On Tuesday 27 November, the European Court of Justice validated in Case 370/12 the European Stability Mechanism (the eurozone's permanent bailout fund that came on stream in October 2012 and has lending capacity of €500 billion), which will grant financial aid under strict conditions to eurozone countries struggling to raise finance on the money markets. The Court of Justice says that the conclusion and ratification of the ESM Treaty by eurozone...

Contents

A LOOK BEHIND THE NEWS
ECONOMY - FINANCE - BUSINESS
COURT OF JUSTICE OF THE EU
INSTITUTIONAL
SECTORAL POLICIES
EXTERNAL ACTION