1 Amendments of Dimitar STOYANOV related to 2011/0283(COD)
Amendment 15 #
Proposal for a regulation – amending act
Recital 3
Recital 3
(3) Based on Article 122(2) of the Treaty providing the possibility of granting Union financial assistance to a Member State in difficulties or seriously threatened with severe difficulties caused by exceptional occurrences beyond its control, Council Regulation (EU) No 407/2010 of 11 May 2010 establishing a European financial stabilisation mechanism has established such a mechanism with a view to preservingand on Council Regulation (EU) No 407/2010 of 11 May 2010 establishing a European financial stabilisation mechanism, the possibility has been provided of granting financial assistance to a Member State experiencing serious financial difficulties arising from the global economic crisis, in order to safeguard the financial stability of the European Union.