Übersetzung für "Euro-rettungsschirm" in Englisch

What about the bailout?

It survived the Eurozone's rescue package.

The financial crisis and the euro rescue parachute have changed the Union from top to bottom.

With the European Rescue Package, the European Commission resolved to intervene in national budget planning.

It is hardly possible to keep an overview of the ongoing financial aids through the European rescue fund.

Firstly, criticism is directed at their plan to enshrine the ESM euro bail out mechanism in EU law.

Following the disastrous euro rescue package, which simply involved the net contributors taking a hit for the mismanagement and corruption in a few southern states, the plan is now to ask the already overburdened citizens of the net contributor countries to cough up even more money.

Of course, these figures have to be viewed in context, dating as they do from polls in May, at a time when agreement on the euro safety net was not yet in sight.

As you yourselves know, the Federal Republic of Germany has made the largest contribution to the rescue package – in terms of both aid for Greece and the euro safety net.

However, it must act more swiftly and without delay, better than it did in cases such as the euro support fund or the intervention in the Mediterranean (Libya, for example).

It must act more swiftly and without delay, better than it did in the case of the euro support fund, for example.

However, it must act more swiftly and without delay, better than it did in cases such as the euro support fund, or the intervention in the Mediterranean, in the Middle East, etc. (Libya, for example).

Greece debt crisis Despite two bailout packages in 2010 and 2011, the Greek economy never recovered from the European debt crisis of 2009. The packages were bound by strict austerity measures from bailout creditors International Monetary Fund (IMF), the European Commission, and the European Central Bank — also known as the Troika.

A glimmer of hope is Europe’s willingness to use the European Financial Stability Facility (EFSF) imaginatively – as equity or first-loss cover.

We discussed some serious issues (like the ESM or the Euro 2012) and applauded, when the divorce of Tom Cruise and Katie Holmes was announced in the evening press and we also discussed which pub to visit next - preferring a Gay Bar, which finally got occupied by the Anons till dawn.

Since as early as the end of 2010, the Member States of the European Union have also been endeavouring to create a permanent crisis management mechanism, over and above the present “euro rescue package”.

The European Commission has proposed further developing the European Stability Mechanism (ESM) into a European Monetary Fund (EMF).

According to calculations by the Ifo Institute, the euro rescue fund that has been established for Ireland, Portugal and Spain is not too small, as is often maintained.

For this purpose they agreed inter alia that the EU Commission should propose a European stabilisation mechanism to preserve the stability of the financial markets in Europe (euro rescue package).

But irrespective of the increasingly critical situation on the credit market the Spanish government is still insisting it will not seek a total bailout.

On Wednesday, the German Constitutional Court in Karlsruhe gave the green light for the euro bailout fund ESM and the European Fiscal Pact.

Either the funds are found in the exhausted public accounts or Spain turns to ESM funds to recapitalise Spanish banks which amounts to handing control of the financial system over to “Europe”.

In the press release (37/2011, of 9th June 2011) of the Federal Constitutional Court it states: "On 5th July 2011 in Karlsruhe, the Second Senate of the Federal Constitutional Court considered constitutional complaints directed against German and European acts of law and further measures in connection with aid to Greece and the Euro rescue package in the territory of the European Currency Union."

The ESM is the successor to the provisional eurozone bailout fund, the EFSF, which it will permanently replace as of 2013 with a view to securing the stability of the single currency.

The German Constitutional Court in Karlsruhe announced on Monday the date on which it will deliver its ruling on the ESM euro bailout fund.