Europe fiscal compact:
Ques. What are the outcomes of Brussels’
- 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.
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