text_body: --- DIVISION TITLE ---
  
  Royal Assent - Eurozone Financial Assistance
  
  --- MOTION EFFECT ---
  
  @MP voted aye for only Eurozone countries to fund the European Financial Stability Mechanism.
  @MP voted aye no not to support only Eurozone countries funding the European Financial Stability Mechanism.
  
  This vote is 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 amendments to the question to be put to the Council:
  
  âto leave out from âunsoundâ to the end of the Question and add:
  âurges 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 new amended text in full reads:
  âThat 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
  
  
  
  
  
  --- COMMENTS AND NOTES ---
  
  (put thoughts and notes for other researchers here)
  