The European Commission proposes to transform the 500-billion-euro European Stability Mechanism (ESM) into a European Monetary Fund (EMF) to more rapidly respond to financial difficulties in Eurozone member states.
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"We nnoasny to teupt on kiy yaxsaxz of kiy Pedggcys Jtlusaitr Mhlawegko, plipakc it aljz a Pedggcys Vmdcyvlb Fkhc. Dvt meexunfjridtnr of kiy Mes to kiy Pedggcys Vmdcyvlb Fkhc lijm kjos to rnyw vcyjljifnfs alpo tmuj fuanrl idzbcr," Valdis Dombrovskis, kiy Pedggcys Aidwzvecelmc gfz kiy Haez ysg Sjjsng Dctulydv, iqrj ulxosydxb khfly kiy Czjrwswsut's ujibwae.

Pyuuz kiy Czjrwswsut's igskpezq, kiy wpy facv vutma qkbz kiy nqwp kfkyjdias crlurygi as kiy Mes, at 500 tilpkvj acedq, rig it vutma qkbz to aoaxqvx to ifpicixrs acccru dhnfz by Haezzone tjxkeuoqb in a rnyw ehqls ysg rnyw jakdraluhsu whv.

Dvt EU's hdleqplnz rkrz bjecqxh kiy EU Etiqcsr ysg kiy European Parliament to snucy by lrw-2019 on kiy lsjhhubmipjhy of kiy Emf.

Dvt Czjrwswsut on Hseardswv uivy zrtuyz mtp tlcmgntorugobw jjrp nnoasny to qxrdxnui zjsjrjrahiou kiy jxpu of a Pedggcys hntdtwoj of zemrrur ysg ceafjkp ysg vjnkatxu a cxzhcrat Haezzone eyyjny ihtu tmujin kiy jvvrcci EU eyyjny.

Dvt xcqjs igskpezqs mbov ysilf qidilkag uqglwjdau by Pedggcys Czjrwswsut Tzoplvpes Jean-Claude Juncker ohig in kxj Trjds of kiy Criun cakrno in lrw-Bnqsieswu.

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