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A German plan for the euro rescue?

A German plan for the euro rescue? - ARD

Apart from the European Central Bank may by German ideas, a new hedge fund, the common currency. Germany is a consequence of the debt crisis in several countries appears to be a € for a new institution, alongside the European Central Bank (ECB). The federal government in a position paper describing in detail structures and rules of a "European Stability and Growth Investment Fund," reported the "Süddeutsche Zeitung". The Fund will therefore independently in addition to the ECB and protect politically largely independent of the common currency.

help and discipline

The Stability Fund should provide the euro-zone countries' help in an emergency "and force them both to operate according to strict rules. The fund would be basically "unlimited ineligible" to secure the currency. Therefore, the individual euro area countries in proportion to provide guarantees. Any assistance is granted according to the concept only under strict conditions. Heavily indebted countries € may apply to the Fund if such gold reserves or government shares in the company could provide as collateral.

the report According to work alongside Germany, Ireland, Finland and the Netherlands on its own rescue plan for the euro. These were used to prepare the next meeting of the euro finance ministers in mid-January in Brussels. The EU summit last week had brought a permanent mechanism for crisis the Euro-zone on the way and decided vertices . Most of the details but will be determined in the coming week.

questions and answers

The new EU emergency mechanism The EU has introduced a new procedure on the way to € heavily indebted countries to help in the future. tagesschau.de the most important questions answered on crisis mechanism. [More ] agrees

• EU € to permanent crisis mechanism (17/12/2010)
• FAQ: How does the new Euro-crisis mechanism?