The continued presence of Eurozone Member States within the IMF, then, is often justified on the grounds that the Union's competences in the area of economic policy are still limited. (europeanlawblog.eu)
Despite these crystal clear statements made by the CJEU, the question is whether this is in fact the reality as many have argued that the debts of eurozone members in difficulties should be forgiven or will be forgiven. (europeanlawblog.eu)
The court's decision: Regarding Art. 136 (3) TFEU, the court said that the new possibility of establishing loan facilities for Eurozone members did weaken the principle of national budgetary autonomy, but that this weakening was balanced through the stabilizing impact such «aid payments» have on the currency union. (europeanlawblog.eu)