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Europe Daily Bulletin No. 9853

4 March 2009
Contents Publication in full By article 14 / 37
GENERAL NEWS / (eu) eu/emu
There is a bail-out solution, says Almunia

Brussels, 03/03/2009 (Agence Europe) - Although the Treaty has brought in a “no bail out” clause preventing member states from helping each other out with public deficit, should one still believe in this principle? When there is a public debt problem in one country of the eurozone, there is a solution, said Joaquin Almunia on Tuesday 3 March. Only last week he had said it was impossible for a member state of the eurozone to turn to the IMF, intimating that there could be another...

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