Publication details
The financial assistance fund and EU law
| Authors | |
|---|---|
| Year of publication | 2022 |
| Type | Appeared in Conference without Proceedings |
| MU Faculty or unit | |
| Citation | |
| Description | One of the first steps how to solve the euro crisis was to set up several temporary financial assistance funds. However, this temporariness seemed to be a nuisance, so an intergovernmental agreement between euro area Member States and the EU, in particular the reform of the EU Treaty, led to the establishment of a permanent financial assistance fund - the European Stability Mechanism (ESM). The ESM is also one of the funds to be involved in the European strategy , the so-called Recovery and Resilience Facility for the EU. |