To further facilitate the account holders, policies were changed to permit transfer across nonresident ordinary rupee (NRO) accounts. Further, NRIs and persons of Indian origin (PIOs) have been permitted to open NRO accounts jointly with other NRIs / PIOs.
Currently, the rest of the euro area is accompanying – via the EFSF – the fiscal adjustment in Greece, Ireland and Portugal. Indeed, the rest of the world is supporting it through the IMF. The establishment of the European Stability Mechanism makes permanent the possibility of external support to a euro area member country in need.