Unnoticed Amendment of Article 12 Paragraph 2 ESM Treaty

Schulden Haben, Schulden Machen: Auswirkungen auf Wirtschaft, Recht und Gesellschaft. Schriftenreihe der Assistierenden der Universität St. Gallen (HSG), Stämpfli: Bern, pp. 117-128, 2012

12 Pages Posted: 28 Feb 2013

See all articles by Aurelia Tamò

Aurelia Tamò

Research Center for Information Law

Date Written: September 27, 2012

Abstract

The ESM Treaty and in particular the amendment of Article 12 Paragraph 2 are discussed in this article. The focus of this paper lies in the alteration of the wording of the mentioned article. A critical acclaim of the amendment explains why the paragraph at hand should be given appropriate consideration by regulators. After establishing the pillars of a well-structured sovereign debt crisis resolution mechanism, the potential implications of the change of wording of Article 12 Paragraph 2 ESM Treaty on future crisis resolution within the European Union shall be discussed.

Keywords: ESM Treaty, ESM, Article 12

JEL Classification: K00

Suggested Citation

Tamò, Aurelia, Unnoticed Amendment of Article 12 Paragraph 2 ESM Treaty (September 27, 2012). Schulden Haben, Schulden Machen: Auswirkungen auf Wirtschaft, Recht und Gesellschaft. Schriftenreihe der Assistierenden der Universität St. Gallen (HSG), Stämpfli: Bern, pp. 117-128, 2012, Available at SSRN: https://ssrn.com/abstract=2201686

Aurelia Tamò (Contact Author)

Research Center for Information Law ( email )

St.Gallen, 9000
Switzerland

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