Thursday, May 24, 2012

Caretaker Dutch Parliament ratifies ESM Treaty - Court will rule on nullification of ratification 29th May.

The report from the WSJ is linked here. The main points:

The EUR700 billion fund, which will have a lending capital of EUR500 billion, is meant to shore up Europe's defenses against the debt crisis by providing financial aid to struggling countries. It is scheduled to take effect in July, once euro-zone countries representing 90% of the total capital have ratified it.



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