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Image header Agence Europe
Europe Daily Bulletin No. 7918
Contents Publication in full By article 21 / 48
GENERAL NEWS / (eu) eu/balance of payments

Commission proposes limiting Community financial backing to balance of payments of Member States not having adopted the euro

Brussels, 07/03/2001 (Agence Europe) - On Tuesday, the European Commission adopted a proposal for a regulation that alters the medium-term financial assistance mechanism granted by the European Union to Member States having difficulties in their balance of payments on current or capital account (amendment to Regulation 1969/88). In the context of enlargement and the introduction of the single currency, the Council confirmed in December the need to conserve this mechanism, while proposing...

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