Eurozone could discipline states

The 16 states of the Eurozone agreed on Monday in Brussels on an emergency plan to help Greece. If Athens is faced with bankruptcy they will step in with loans. The business paper Hospodářské Noviny points out that for some time now instruments for disciplining euro countries have been available: "The Stability and Growth Pact, for example, makes is possible to impose sanctions or block access to European funding. But so far such sanctions have never been used for budgetary discipline infringements. Greece is not the first offender; other countries, and not just those in the Eurozone but from all over the EU, also violate the budgetary regulations."

» full article (external link, Czech)
More from the press review on the subject » EU Policy, » Fiscal Policy, » Greece, » Europe
All available articles from » Julie Hrstková

» To the complete press review of Tuesday, March 16, 2010