Brussels, 04/01/2001 (Agence Europe) - The EU Council has asked the European Commission to come forward with a proposal for amendment of the June 1998 regulation on the sole mechanism for medium-term balance of payments financial support for Member States, to reflect the Greek exit from this mechanism further to its entry in the euro area.
Indeed, in conclusions adopted in December, the Council observes that, "given the start-up of stage three of Economic and Monetary Union, the mechanism...