Brussels, 21/08/2015 (Agence Europe) - On 4 August, the Council of the EU used the written procedure to endorse a regulation amending the European Financial Stabilisation Mechanism (EFSM) prepared by the European Commission. The EFSM is managed by the Commission on behalf of the EU28.
On 22 July 2015, the Commission suggested adjusting the EFSM in order to protect non-euro member states from any risk arising from financial assistance given to a eurozone country (see EUROPE 11364). The...