Euro Rescue Fund

Published / Last Updated on 16/12/2010

Euro Rescue Fund

According to EU President Herman Van Rompuy, leaders are ready to do whatever is required to protect the currency and EU leaders have agreed to set up a permanent mechanism to bail out any member state.  

Any eurozone country needing such an injection of emergency aid must ensure it deals with its debt or deficit and the granting of financial assistance under the mechanism will come with strict conditions.


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