ECONOMY - FINANCE - BUSINESS / Emu

Italy urged to ratify revised ‘European Stability Mechanism’ treaty before end of 2023

Stockholm, 28/04/2023 (Agence Europe)

At the end of the Eurogroup meeting on Friday 28 April, the executive director of the ‘European Stability Mechanism’ (ESM), Pierre Gramegna, stressed the importance of finalising the ratification of the revision of the treaty establishing the permanent rescue fund for the euro area.

“There is a problem of timing. (...) It is therefore crucial that the revised treaty enters into force, together with the safety net, before the end of this year”, he said.

By the end of 2020, the euro...