The euro area governments decided to support the Greek recovery plan to the tune of € billion. They also decided to set up a financial stabilisation fund (European Financial Stability Facility) for the euro area with guarantees amounting to € billion, and this on top of the above-mentioned € billion and the € billion which can also be mobilised at the European Union level.
While this Directive has been watered-down compared to the Commission’s original proposal, it still has benefits. It has been calculated that 10 consumption in the EU can rise by 0.3-0.7 percent permanently due to the Directive . I agree, this does not sound spectacular, but it only entails the static effect of increasing trade opportunities.