France will be stable mechanism to Europe by 6.5 billion euros

Confucius News French points department reported that, as a first start European stability mechanism (MES) country, the French government on 8 February approved in the euro zone founded rescue fund permanent plan. Although still need to vote on the last parliament, but are expected to the plan will in July 1 st.

The plan of the legalization of process have been included in a cabinet to submit budget supplement case, this shows that in Europe a summit of the resolution will be implementing a year early, so until the middle of 2012, the aim to the eurozone countries got into financial difficulties for the safety of the aid fund will eventually reach 500 billion euros. Monetary union members will also according to its economic strength in different stages of the mechanism and perfect the rich.

Since 2012, the French will infuse the commitment of 6.5 billion euros for the first capital. French finance minister Francois Baroin said the move will not increase French public fiscal deficit, but will make its public debt inflation.