Loans and Finance

Loans and Finance

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News and information about loans, money, debt, finance and business issues.

Friday, December 17, 2010

EU Crisis Mechanism

The EU have come up with plans for an EU financial crisis mechanism that, in theory, will avoid piecemeal solutions to future financial shocks threatening the Euro.

All very well, maybe. However, the mechanism requires an adjustment to the Lisbon Treaty (this will mean some members of the EU will have to hold referenda).

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