Will the EU Bail Out Member States, or Not?
24 March 2009
What does it have to say about the apparent contradiction between Clause 100 of the Consolidated Treaties which says a QMV is required to commit funds to a member state "seriously threatened with severe difficulties caused by ...exceptional occurrences beyond its control", and Clause 103, known as the "No Bail Out" clause? That says "The Community shall [note the use of the word "shall"] not be liable for or assume the commitments of central governments, regional, local, or other public authorities, other bodies governed by public law, or public undertakings of any member state."
Which Clause prevails in present circumstances? To respond to, or comment on this Email, please email ashley.mote@btconnect.com You have signed up to receive these notifications.
Tuesday, 24 March 2009
Can the Commission please clarify its position on financial rescue packages when addressing the current economic crisis?
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