Belgium approves the European Stability Mechanism
18th June 2012On 14th June Belgium's Chamber of Representatives adopted a draft law that focused on the approval of the European Stability Mechanism, the permanent mechanism for aid to European countries that find themselves in financial difficulties, after its approval without amendments by the Belgian Senate last week. The ESM will notably be provided with 80 billion euros which come directly from the States. Belgium will be taking part in the mechanism to a total of 3.4% of this sum, which represents 2.8 billion euros.
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