Sentences with phrase «eurozone members»

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.

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.

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.

The German parliament agreed a four - month extension to Greece's financial aid package on Friday (27 January), a move that still needs ratification from other eurozone members owed money by Greece.

Despite the good intentions of its creators, the idea of setting up a permanent international body competent to grant financial assistance (amongst other things) to eurozone members in financial difficulties goes somewhat against the foundations of the Economic and Monetary Union, which aims at ensuring price stability through sound government budgets.

The IMF analysis states that «the dramatic deterioration in [Greece's] debt sustainability points to the need for debt relief on a scale that would need to go well beyond what has been under consideration to date — and what has been proposed by the ESM [the European stability mechanism ie by eurozone member states]».

Fears of another sovereign debt crisis among eurozone members are thought to be weakening Ireland's resolve to resist a bailout.

Be that as it may, in so far as Eurozone Member States are no longer able to fulfil their obligations under the IMF Articles of Agreement without encroaching upon the Union's exclusive competence, it can be argued that they have a duty to take «all appropriate steps to eliminate the incompatibilities» between the Union Treaties and the Articles of Agreement (see Article 351 TFEU).

As the fallout from David Cameron's brave decision to veto the Merkozy attempt to force the rest of Europe into some sort of Faustian pact that would lead to full fiscal union of the 17 Eurozone members within the current institutions of the EU, the DPM has used this row to bury some very bad news.

«The major eurozone member states can not agree now on what's needed to pay for the smaller states,» says Anand Menon, professor of European politics at King's College.

A large share of Italian debt issued under domestic legislation does not have any contract terms and is regulated by an Italian law that gives the Italian Treasury ample latitude to restructure the debt... The composition of Italian public, however, is changing rapidly because in January 2013, Eurozone members started issuing bonds with standardized contract terms.

He's under considerable pressure to begin buying the bonds of stricken eurozone members with reckless abandon.

As the credit rating agency Standard and Poor's this week placed the AAA rated Eurozone members on negative watch it's worth remembering this is exactly where Britain was, on negative credit watch, under Labour.

For example, it permits a business in the United States to import goods from European Union member states, especially Eurozone members, and pay Euros, even though its income is in United States dollars.

In 2011, Eurozone members established the European Financial Stability Facility, providing emergency lending to troubled nations.

Yet if it wants to succeed where its predecessors failed, the Commission will have to show some audacity in confronting uncooperative Eurozone Member States in the Council; audacity that the Barroso Commission so obviously lacked.

Regarding Art. 136 TFEU and its new paragraph (3) which allows Eurozone Member States to create loan facilities, the applicants argued that it was clarifying in intent but constitutive in nature.

With the European Banking Union (EBU) being implemented to stem the Eurozone debt crisis, UK would have had further difficult decisions to make as to whether to opt - in or opt - out of the EBU, with both options having its own issues, such as: whether opting - in would result in the UK becoming less attractive to other global financial centres; or by opting - out, whether they would have a say in EU banking policies where Eurozone members automatically have the voting rights.

In many cases it is cheaper to buy and ship a computer or high - end graphics card from Britain than it is to buy one in many Eurozone members.

This might mitigate the free rider problem, but only at colossal economic cost and only with the corollary of near - complete loss of political sovereignty for Eurozone members.

In terms of public debt one should not forget that Spain's situation is not significantly worse than that of other Eurozone members (69.3 per cent of public debt to GDP in 2011 in Spain, vs. 82 per cent in Germany, 86.5 per cent in France, 85.7 per cent in the UK, and 120.9 per cent in Italy).

«Some of us want the UK government to use the influence it says it has at the IMF to halt the futile bail outs of Eurozone members.

In the Commons, George Osborne was reporting on his decision to lend # 10bn to the IMF, much of which may go to eurozone members in the «Goddany spare change?»

Thus whenever monetary policy matters are being discussed at the international level, for example in the IMF executive board (which conducts the Fund's day - to - day business), Eurozone Member States speak about — and decide on — issues without any longer possessing the corresponding powers domestically.

And even though Britain isn't a eurozone member, a Brexit could prove ominous for the single currency.

Since then, French ministers and EU officials since have repeatedly suggested that clearing of euro - denominated trades should move from London to a eurozone member country post-Brexit.

Among the eurozone member countries that reported production figures, Germany registered a 0.4 percent decline, France a drop of 1.2 percent and Finland a fall of 4.1 percent.

Monday saw German chancellor Angela Merkel and French president Nicolas Sarkozy outline their plans for a «treaty change» for eurozone members.

«But there is always the possibility the eurozone members at 17 will go ahead and form a treaty of their own.

Unit labour costs in Spain are unsurprisingly well above those of other Eurozone members.

In order to reduce the risk of moral hazard, it would be ideal to follow the so - called «Blue Bond» proposal and limit the amount that Eurozone member states can obtain through Eurobonds to a certain debt - to - GDP ratio.

Such an asset should take the form of a European bond with some form of joint guarantee from all Eurozone members.

The «optimal currency area» argument should have some traction; but so too will arguments which conclude that the near - collapse of the Eurozone from 2009 onwards occurred, among other reasons, because some Eurozone members were fiscally undisciplined.

(Other Eurozone members, along with countries that have pegged their currency to a foreign one have the same problem of not being able to control their money supply any longer.)

There is an urgent need for the launch of a safe asset that can guarantee the basic funding needs of all Eurozone members.

Likewise Cameron could point out that given rapidly changing situation in the eurozone a five as opposed to seven year spending settlement would provide greater flexibility, especially given recent speculation about a separate budget for eurozone members.

Paris and Berlin made clear in recent weeks that the European candidate had to come from a eurozone member — basically France or Germany — because the IMF is playing a key role in bailing out troubled members of the currency.

Ending Britain's obligation to bail out eurozone members.

Namely, things could get creative at the EU level so as to get Europe as a whole (or its Eurozone members) to pay the debt in some form or another.

Ending Britain's obligation to bail - out Eurozone members.

The crisis produced a fully - fledged legal framework that governs financial assistance to Eurozone members.

The future concretization of the agreement will show how much domestic determination is compatible with financial assistance within the Eurozone and whether the Greek government can fulfil its promises to the other Eurozone members and at the same time retain the necessary parliamentary and social support at home.

After all, the Union's exclusive competence in the area of monetary policy for the Eurozone Member States entails parallel exclusive competence in external relations, as is confirmed by the wording of Article 219 (3) TFEU.

Barroso appeared confident that the Eurozone Member States could be persuaded to give up their seats in the International Monetary Fund (IMF).

This means that Eurozone Member States, despite having fully transferred their sovereignty to pursue monetary policy to the ECB, can arguably keep their seats in the IMF and other international financial institutions without acting in breach of the Treaties.

Article 138 (2) TFEU, which applies only to Eurozone Member States, provides that «[t] he Council, on a proposal from the Commission, may adopt appropriate measures to ensure unified representation within the international financial institutions and conferences.