EMU

Question 1

Pringle

Answer 1

Formalise ESM
Debtor states to be rescued but only on strict conditions of public austerity
No new competences

Question 2

OMT

Answer 2

ECB as indirect lender of last resort

Did not exceed competences in monetary policy

Question 3

Crisis Legislation

Answer 3

Legislative Six Pack
Fiscal Compact
Legislative Two Pack
2012 - Second Greek Bail Out

Question 4

2012 The Commission’s blueprint

Answer 4

Deep and genuine EMU

Autonomous Euro area budget; fiscal capacity; common issuance of public debt

Question 5

A136 TFEU

Answer 5

ESM - strengthen the coordination and surveillance of budgetary discipline