As the debate continues on how to manage the Euro debt crisis, the European Council will meet on December 9 to review its response to the economic situation. Among the points at issue are the extent to which the European Union should be able to enforce fiscal discipline on Member States, and what sort of safety net should be put in place.

Dr. Salomé Cisnal de Ugarte and Dr. Gunter Burghardt from Mayer Brown’s Brussels office will be discussing the outcome of the European Council meeting at our next Global Financial Markets Initiative teleconference on Monday, December 12. In their presentation, they will be answering the following questions:

  • What brought us here? The political context of the Euro crisis.
  • What was decided on December 9? An overview of the European Council/Euro Summit’s outcome.
  • What does this mean in practice? An explanation of the proposed EU Treaty changes and their implications.

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