The EU will launch a new mechanism of financial stability

09.12.2011 In 2011 a lot of meetings of EU member states on the issues of crisis overcoming were held. Today 9 December 2011 official report on EU fiscal policy and financial stability will be submitted by finance ministers of the eurozone states. A new mechanism of financial stability should be started tentatively in July 2012. The European Financial Stability Fund will participate in the financing of programs to be approved.
A new mechanism of financial stability should have the credit volume of 500 billion euro, the figures were announced earlier during the numerous meetings of the heads of EU member states. The content of the today’s report will affect the following aspects: harmful measures avoidance, tax evasion combating, interaction and exchange of good practices in tax administration, international coordination of EU member states”.

Expert’s opinion

“EU has fundamental approach for addressing the crisis and reviving the national economic institutions of the union members. The plan the implementation of which is planned in summer next year has been drafted. On the basis of possible decisions made concerning today's reports, international experts will make further predictions of the EU financial situation”.

On the basis: www.europa.eu

Andrianova Irina ( the lawyer of international consulting department of Honest&Bright)