Tackling the European Sovereign Debt Crisis – Stability at Last?
14 March 2012
Mayer Brown Legal Update
The European sovereign debt crisis has been back on the agenda of European leaders since the beginning of the year. On 30 January, the 27 Heads of State and Government met during an informal European Council in Brussels. The meeting’s official programme focused on growth and jobs and stressed the importance of three specific areas: youth unemployment, the Single Market and SMEs. At the same time, however, the summit endorsed two fundamental documents that will constitute the legal basis for the European Union’s (EU) future actions against any crisis regarding the Euro.