What can I do when logged in?

You can submit new articles, so we can make unique versions of them and distribute them for you.
If you want to simply publish the same article on 800 websites, you can tell us to do that.
You can see the archive and current status of all your article distributions.
You can order any number of high-quality articles - just let us know your keywords.
You can browse the archive of all the articles we have written for you.
You can order our Complete Service (10 high-quality articles plus 10 article distributions).
You can purchase more credits for our services and check your affiliate earnings.
Much more ...

SpinDistribute.com Article Directory

The following article was published in our article directory on December 17, 2010.
Learn more about SpinDistribute Article Distribution System.

Euro Permanent Crisis Response Mechanisms to Reach Agreement

Article Category: Business Management

Author Name: xia zihui

Greece and other eurozone countries as a sovereign debt crisis erupted this year, an important reform initiatives, the leaders of 16 EU member states on how to modify the "Lisbon Treaty" to create the euro zone agreed a permanent mechanism for crisis response, and outlines the mechanism the basic shape.

Permanent President of the Council of Europe Rompuy in a news conference that evening, said EU leaders after a one and a half hours of discussion, agreed to take effect on December 1 last year, the "Lisbon Treaty" to "limited" changes, and amendments agreed about the text.

The so-called "limited" change is in the "Lisbon Treaty" by adding two sentences, namely, "a member of the euro as their currency can establish a stable mechanism in forced, in order to maintain the overall stability of the euro area and start. According to this mechanisms required to provide any financial support, must be strict conditions attached. "

But do not underestimate these two words, they address the euro area to establish a permanent mechanism for crisis response legal confusion. As current EU member states assistance treaty banned, so when the start of Greece into a debt crisis, the EU appears to know what to do, which is thought to exacerbate the spread of the crisis, but also exposed the euro system, a "flawed."

Eventually, the euro-zone countries had to choose on a bilateral basis to provide loans to Greece, thus bypassing the "no aid" clause. Since then, the euro-zone countries and do the same, the joint International Monetary Fund issued a 750 billion euros of standby rescue mechanism to prevent further Greek footsteps of other euro-zone countries.

But the unprecedented rescue mechanism only of a temporary nature, applies only to 2013. To avoid falling back into "temporary grasping prescription," the passive situation, the establishment of a permanent Euro crisis response mechanism will be put on the agenda.

Van Rompuy said the EU leaders also agreed on the day of permanent crisis in the euro area the basic framework of coping mechanisms.

First, IMF would be involved. Van Rompuy said, this mechanism called the European stability will be a permanent mechanism for the 750 billion euros of existing standby relief mechanism for the template design, the IMF is expected to be involved, how it works also closely follows the IMF's practice.

Second, the request of Member States can help, that is mentioned in the text of rounding the provision of financial support should be "required", and can not force a country to accept aid. This relief program in Greece and Ireland are the same.

Third, assistance can only be a last resort, that is, only when a crisis threatens the euro-zone countries the overall stability of the euro area, in order to maintain the overall stability of the euro area only when forced to start the European stability mechanism to provide relief for the country.

Fourth, the relief will be strict conditions attached. As the access to aid Greece and Ireland, as the two countries must come up with a satisfactory fiscal austerity and economic reform program.

Fifth, the case will be held by euro zone countries on the basis of sovereign bonds to private investors to take some losses. Allowed into the euro countries the debt crisis of debt restructuring and allow private investors to bear the loss is a common idea of France and Germany, the EU leaders stressed that this decision will be based on the case and is not a prerequisite for providing assistance.

Earlier, the German also insisted permanent crisis response mechanism in the euro area and further strengthen fiscal discipline, by modifying the "Lisbon Treaty" in violation of fiscal discipline imposed suspension of voting rights and other euro-zone members of the more severe political punishment, but the EU leaders of the day no clear stand on this proposal.

According to the plan, EU leaders later than next year's summit in March about the decision by amending the official, and delivered the Member States approved the latest amendment shall be January 1, 2013 entered into force, thus ensuring June 2013 build European stability mechanism.

Described the agreement reached the day of EU economic governance reform this year, the "wrap up for." Earlier, EU leaders on how to strengthen fiscal discipline, macroeconomic risk monitoring mechanism for the new economic policy coordination and deepen the reform of economic governance such as the contents of an agreement. With these reforms, the EU hopes to better prevent and respond to the future sovereign debt crises.

Of course, the euro area in order to build a permanent mechanism for crisis response, at least over two "stumbling block": First, the smooth ratification of the EU "Lisbon Treaty" changes; The second is to the specific structure of a permanent relief mechanism, the euro District of negotiations between countries is bound to extremely difficult.

Van Rompuy said that in his view, the "Lisbon Treaty" does not need to put to a referendum amendment. There are concerns that if EU member states adhere to the referendum, the approval process may be affected, and even lead to premature rounding.

Keywords: gillette mach3 cartridges,12v pump water,applicant tracking systems,

Learn more about SpinDistribute Article Distribution System. We also offer one of the Best Article Writing Services out there - give us a try if you need great articles on various topics!

SpinDistribute.com Network

Each article you submit at SpinDistribute.com is sent through our innovative Article Distribution System to our network of more than 1840 publishers - about 55% of them are high-quality article directories, 30% of them are niche blogs and 15% of them are other content-rich websites.

To achieve the best possible success we only publish your article to most related websites. This means your article will show up on approximately 640 - 880 most related websites which will give you great SEO results.

We also offer a separate Professional Article Writing Service to everyone who's looking for high quality web content and well researched unique articles.