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règle de non-renflouement [1 record]

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Record 1 1997-10-23

English

Subject field(s)
  • Currency and Foreign Exchange
CONT

The advocates [of the stability pact], notably Germany, are undermining the [Maastricht] Treaty's no-bail-out rule by suggesting there is a fiscal problem that needs solution at a European level, instead of by insisting that each country's fiscal stance is a matter for it and it alone.

Key term(s)
  • no-bailout rule

French

Domaine(s)
  • Politique monétaire et marché des changes
CONT

Les partisans [du pacte de stabilité], notamment l'Allemagne, sont en train de saper la portée de la règle de non-renflouement contenue dans le Traité [de Maastricht] en laissant entendre qu'il y a là un problème de gestion budgétaire réclamant une solution au niveau européen, au lieu de faire valoir que la responsabilité de la politique budgétaire d'un pays lui incombe, et à lui seul.

Spanish

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