Brussels, 22/07/2015 (Agence Europe) - On Wednesday 22 July, the European Commission proposed amendments to the European Financial Stabilisation Mechanism (EFSM) to protect the non-eurozone countries from any losses the EFSM may incur on loans made to eurozone countries.
The legislative changes to the regulation instituting the EFSM, a mechanism managed by the Commission on behalf of the member states, aim to reflect the joint declaration of the Council and the Commission of 17 July on the...