no-bail-out

The treaty stipulated that there would be no bail-out of a country that got into fiscal trouble.

To top it all: the "no bail-out" clause was wiped out in the wake of the first Greek rescue package.

Many influential Germans think the ECB has reneged on the "no bail-out" pledge at the heart of monetary union.

It may paradoxically be easier to help east Europeans than those bound by the euro's no-bail-out rules.

This need not run afoul of the "no bail-out" clause: to agree to borrow jointly is not to assume another country's debt.

An alternative course would be to try to make a "no bail-out" model work.

The single currency's architects put their faith in the "no bail-out" clause coupled with a "stability and growth pact" .

Those who make it pretend to care deeply about the strict fulfilment of the Maastricht Treaty's "no bail-out" clause.

After all, the treaty that created the euro contains a "no bail-out" clause that prohibits one country from assuming the debts of another.

These comments were interpreted as a signal that Germany would agree to circumvent the no-bail-out rules.

The treaty governing the European Union includes a "no bail-out" clause, forbidding countries from assuming the debts of others.

She insists there can be no bail-out without drastic austerity conditions.

Critics say this breached the "no bail-out" clause of the existing treaties.

They have incentives to announce a no-bail-out policy in order to encourage their charges to behave prudently.