%0 Journal Article
%T THE EUROPEAN MECHANISM FOR FINANCIAL STABILITY AND THE EURO-PLUS PACT
%A Augustin FUEREA
%J Lex et Scientia
%D 2012
%I Nicolae Titulescu University
%X The economic crisis that has affected countries from all continents has generated, among others, also a strong financial crisis, which in turn, has caused serious imbalances in the economic and financial environment of EU Member States. Under these circumstances, the Council, being in an exceptional situation, ˇ°outside the control of Member Statesˇ±, as it itself states in the Preamble to Regulation No. 407/2010, considered necessary, ˇ°the immediate establishment of a stabilization mechanism at EU level in order to maintain the financial stability in the EuropeanUnionˇ±, mechanism that ˇ°would enable the Union to respond in a coordinated, rapid and effective way to the serious difficulties undergone by a certain Member Stateˇ±.
%K The European Financial Stabilization Mechanism
%K the Euro-Plus Pact
%K European Union
%K The Council Conclusions
%K EU Member States
%U http://lexetscientia.univnt.ro/download/435_435_lesij_js_XIX_1_2012_art_004.pdf