RIGA - European governments will only get bailout support if they ratify a new pact to enshrine a so-called ‘golden rule’ on mandatory balanced budgets, under the latest draft, reports AFP. “The granting of assistance in the framework of new programs under the European Stability Mechanism (ESM) will be conditional, as of March 1, 2013, on the ratification of this treaty,” says the draft text, which is being prepared for a Jan. 30 EU summit due to give its approval.Negotiators working on a pact to be signed by 26 of the 27 European Union states - with Britain ...
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