European Commission President Jose Barroso called the euro area’s plan to create a permanent debt- crisis mechanism “indispensable” for financial stability in Europe.
He commented after the commission, the European Union’s executive arm, issued a favorable opinion of the decision by EU government leaders in December to amend the bloc’s treaty to establish a European Stability Mechanism in 2013 for countries that share the euro.
He commented after the commission, the European Union’s executive arm, issued a favorable opinion of the decision by EU government leaders in December to amend the bloc’s treaty to establish a European Stability Mechanism in 2013 for countries that share the euro.
