Brussels, 15/07/2015 (Agence Europe) - On Wednesday 15 July, despite the refusal of the non-eurozone countries, the European Commission proposed making use of the European Financial Stability Mechanism (EFSM) to the tune of €7 billion, in order to avoid a further non-payment by Greece on Monday 21 July.
The Commission is relying on the urgency of the situation and the guarantees it plans to give to the non-eurozone states to ensure that the option of using the EFSM, a financial mechanism...