(Online Course) Contemporary Issues for IAS Mains 2012: Economic Issues - Europe Fiscal Compact

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.
   

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