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(Online Course) Contemporary Issues for IAS Mains 2012: Economic Issues - Europe Fiscal Compact
Economic Issues
Europe fiscal compact:
Ques. What are the outcomes of Brussels’
Summit?
Ans:
- A significant stronger co-ordination among the EU members.
- Quick organization of European stability mechanism treaty (about 500 billion-Euro) by mid-2012.
- Private investors holding bonds of the countries in distress should not be made to share the bailout costs.
- The stand of European central bank (ECB) on market intervention
though remains unclear.