Unformatted text preview: one of a two stages process where bail out money would be granted and if that didn’t solve the problem debt reconstructing may be considered. This article shows the drastic steps the European Union is going through trying to get a handle on the debt crisis that is going on. Many different steps are being taken in order to make sure the overall well being of the dependent European economies and the euro is good. The plan for this rescue fund passed through the EU fairly quickly and that shows the members of the EU are cooperating with each other very well, at least in terms of economic issues....
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- Fall '10
- European Union, fiscal rescue mechanism