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Flashcards in EMU Deck (5)
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1
Q

Pringle

A

Formalise ESM
Debtor states to be rescued but only on strict conditions of public austerity
No new competences

2
Q

OMT

A

ECB as indirect lender of last resort

Did not exceed competences in monetary policy

3
Q

Crisis Legislation

A

Legislative Six Pack
Fiscal Compact
Legislative Two Pack
2012 - Second Greek Bail Out

4
Q

2012 The Commission’s blueprint

A

Deep and genuine EMU

Autonomous Euro area budget; fiscal capacity; common issuance of public debt

5
Q

A136 TFEU

A

ESM - strengthen the coordination and surveillance of budgetary discipline