Legal provisions of COM(2011)70 - Draft European Council Decision amending Article 136 of the Treaty on the Functioning of the EU with regard to a stability mechanism for Member States whose currency is the euro - Main contents
Please note
This page contains a limited version of this dossier in the EU Monitor.
dossier | COM(2011)70 - Draft European Council Decision amending Article 136 of the Treaty on the Functioning of the EU with regard to a stability ... |
---|---|
document | COM(2011)70 ![]() |
date | March 25, 2011 |
Article 1
‘3. The Member States whose currency is the euro may establish a stability mechanism to be activated if indispensable to safeguard the stability of the euro area as a whole. The granting of any required financial assistance under the mechanism will be made subject to strict conditionality.’.
Article 2
This Decision shall enter into force on 1 January 2013, provided that all the notifications referred to in the first paragraph have been received, or, failing that, on the first day of the month following receipt of the last of the notifications referred to in the first paragraph.