EU no-bailout rule must be strengthened, says Buba

bundesbank

The Bundesbank on Tuesday said the recent policy response to the eurozone debt crisis amounted to a "pooling of risk" and called for European Union (EU) legislation preventing member states from receiving explicit financial support from one another to be enhanced.

In its August Monthly Report, the Bundesbank said that unless there was a fundamental change of regime involving a far-reaching surrender of national fiscal sovereignty, it was imperative that the no-bailout rule – enshrined in the Eur

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