Daniel Gros has a new VOX article describing how the EIB can be used to set up a European Financial Stability Fund: you can read it here.
Daniel Gros has a new VOX article describing how the EIB can be used to set up a European Financial Stability Fund: you can read it here.
One reply on “How to Create a European Financial Stability Fund”
From above “The EIB is an agency of EU governments. Its board of governors includes the ministers of finance of all member countries, who recently decided to increase its capital base to €230 billion (which is more than the capital of the IMF)”
Would this imply that (albeit unlikely) IMF intervention in Ireland could be averted?