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EU`s Rehn: Seeks Crisis Resolution Mechanism Without Treaty Change
Date 27/10/2010 12:25  Author webmaster  Hits 1089  Language Global
27 OCT 2010

WSJ

BRUSSELS (Dow Jones)--A permanent mechanism to resolve any future debt crises in the euro zone should preferably not require a change in the European Union's treaties, EU Economics Commissioner Olli Rehn said Tuesday.

"It's sensible to focus on the substance of preparing permanent crisis resolution mechanism. We would by far prefer to do this without a treaty change and are exploring the legal possibilities and constraints in relation to this," he said on the sidelines of a conference here.

But a treaty change cannot be ruled out, he added.

"What really matters is the substance of the permanent crisis resolution mechanism. We are exploring this as a first, best option but at this stage we won't rule out a treaty change."

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