Further to the report of the task force and in order to ensure balanced and sustainable growth, heads of state and government agree on the need for member states to establish a permanent crisis mechanism to safeguard the financial stability of the euro area as a whole and invite the president of the European Council to undertake consultations with the members of the European Council on a limited treaty change required to that effect not modifying Article 125 (of the Lisbon treaty) - the no bailout clause.
What task force report and what, exactly, is a balanced and sustainable growth? WHo defined, or even requested, this?
Heads of state and government (like which ones, all of them?) agree .... Did they? When? Where? How?
A permamnet crisis mechanism ... never let a crisis go to waste, especially an eternal one that allows us sweeping powers.
The president of the EC is invited to consult the members of the EC .. gosh, democracy at last! We're saved (NOT) I don't think the EC members are honorably elected.
Uh-oh ... there's another treaty on the horizon that will probably demand central control of national budgets.