EU plans to create a permanent mechanism for debt crises

10/29/2010 | Bloomberg · Wall Street Journal, The

The EU has agreed to support a call from German Chancellor Angela Merkel to develop by 2013 a permanent mechanism for handling debt crises, in an effort to prevent repeats of recent shocks led by Greece. "All agreed that there has to be a permanent crisis mechanism," Merkel said. "All agreed that a limited treaty change will be necessary."

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Bloomberg · Wall Street Journal, The

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