Why the ESM rules OK (says the ECJ)
FT Alphaville » ESM 2013-08-01
Summary:
It’s the clause that makes German officials’ faces look like they’re struggling to keep their lunches down when someone mentions the prospect of write-downs on Greece’s official loans. The no bailouts clause! Article 125 of the EU Treaty:
Continue reading: Why the ESM rules OK (says the ECJ)Link:
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