In addition, as measures to provide financial assistance to problem countries, the establishment of a new funds supplying framework called “the European Stability Mechanism (ESM)” and assistance measures from outside the region have been examined. As there is also a risk for fund providers, it is not going to be an easy examination.
In terms of avoiding a recurrence of the problem, at the recent EU Summit, many member countries have moved forward in the direction of signing a new treaty that includes reinforcement of fiscal discipline, but there are issues, including specific steps to take from now on, that remain to be settled.