DECISION OF THE REPRESENTATIVES OF THE GOVERNMENTS OF THE EURO AREA
MEMBER STATES MEETING WITHIN THE COUNCIL OF THE EUROPEAN UNION
The Council has adopted a Regulation establishing a European financial stabilization mechanism.
According to Article 2(2) of that Regulation, the outstanding amount of loans and credit lines
granted under this stabilisation mechanism shall be limited to the margin available under the
Union's own resources.
In addition, the representatives of the Governments of the euro area Member States commit to
provide assistance through a Special Purpose Vehicle that is guaranteed on a pro rata basis by
participating Member States in a coordinated manner and that will expire after three years, up to
440 billion euros, in accordance with their share in the paid-up capital of the European Central
Bank and pursuant to their national constitutional requirements.
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Decision of the representatives of the governments of the 27 EU Member States
The 27 Member States agree that the Commission will be allowed to be tasked by the euro area
Member States in this context.