Wednesday 27 May 2009

EU: Balance of payments assistance

The Regulation amending the facility to provide financial assistance to EU member states with balance of payments problems has been officially published. The amending Regulation raises the facility from EUR 25 billion to EUR 50 billion and clarifies some of the provisions.

The official name is: Council Regulation (EC) No 431/2009 of 18 May 2009 amending Regulation (EC) No 332/2002 establishing a facility providing medium-term financial assistance for Member States' balances of payments, and it was published in the Official Journal of the European Union (OJEU) 27.5.2009 L 128/1.

Ralf Grahn

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