text_body: --- DIVISION TITLE ---
  
  Royal Assent - Eurozone Financial Assistance
  
  --- MOTION EFFECT ---
  
  @MP voted aye to support only Eurozone countries fuding the European Financial Stability Mechanism.
  @MP voted no for all EU countries, not just Eurozone countries, to fund the European Financial Stability Mechanism.
  
  The majority of MPs voted to support a policy of only Eurozone countries funding the European Financial Stability Mechanism ie. bailouts to countries in financial trouble.
  
  This vote was about the wording of the UK's concerns regarding the use of the European Financial Stability Mechanism (EFSM), which provides emergency funding to Eurozone countries in financial difficulty. Minsters are urged to bring these concerns up at the next meeting of the European Council.  
  
  The majority of MPs agreed to make the following amendment to the original motion:
  
  :to leave out from âunsoundâ to the end of the Question and add:
  :"urges the Government to raise the issue of the EFSM at the next meeting of the Council of Ministers or the European Council; and supports any measures which would lead to an agreement for a Eurozone-only arrangement."
  
  As amended the text of the motion, including the appended section, reads:
  :"That this House 
  :''notes with concern'' that UK taxpayers are potentially being made liable for bail-outs of Eurozone countries when the UK opted to remain outside the Euro and, despite agreement in May 2010 that the EU-wide European Financial Stability Mechanism (EFSM) of â¬60 billion would represent only 12 per cent of the non-IMF contribution with the remaining â¬440 billion being borne by the Eurozone through the European Financial Stability Facility (EFSF), that the EFSM for which the UK may be held liable is in fact being drawn upon to the same or a greater extent than the EFSF; 
  :''further notes'' that the European Scrutiny Committee has stated its view that the EFSM is legally unsound;
  :''urges the Government'' to raise the issue of the EFSM at the next meeting of the Council of Ministers or the European Council; and
  :''supports any measures'' which would lead to an agreement for a Eurozone-only arrangement.â
  
  The amended motion was passed without a vote. 
  
  Speaking in the debate preceding the vote Mark Reckless MP said:
  
  :If they believe that it is sufficient to urge the Government to raise the issue, then vote yes to the amendment regrettably tabled by my hon. Friend Chris Heaton-Harris. If they believe that we need to put a stop to these bail-outs and say, âEnough is enough, it is our money, we did not join your currency, and we want our money backâ, then vote no to the amendment.
  
  Mr Reckless, and perhaps others, thought that the text of the motion was more strongly against bailouts before the amendment. The amendment though supported limiting those funding the bailouts to the Eurozone countries, ie. not including the UK. 
  
  
  
  
  
  
  --- COMMENTS AND NOTES ---
  
  (put thoughts and notes for other researchers here)
  