Wednesday, February 01, 2012

Von Rompuy States ESM signing tomorrow

If the ESM is signed tomorrow, a complete change with what we were informed after Monday's summit/informal EU Council, it still cannot have legal effect without ratification, surely that requires national parliamentary approval, as the fund as originally established can create unlimited obligations against the supposed sovereign nation signatories??????

EVR's Tweet:

Herman Van Rompuy
Treaty to be signed tomorrow so that it can take effect from July 2012.This permanent firewall will help prevent contagion in Euroarea



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