The Conference recalls that decisions regarding financial assistance, such as are provided for in Article 100 and are compatible with the 'no bail-out' rule laid down in Article 103, must comply with the 2000-2006 financial perspective, and in particular paragraph 11 of the Interinstitutional Agreement of 6 May 1999 between the European Parliament, the Council and the Commission on budgetary discipline and improvement of the budgetary procedure, and with the corresponding provisions of future inter-institutional agreements and financial perspectives.
The advocates (of the stability pact), notably Germany, are undermining the (Maastricht) treaty's no-bail-out rule by suggesting there is a fiscal problem that needs solution at a European level, instead of by insisting that each country's fiscal stance is a matter for it and it alone.
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