text_body: --- DIVISION TITLE ---
  
  European Union Financial Stability
  
  --- MOTION EFFECT ---
  
  @ MP voted aye to note a number of documents related to European financial stability, to welcome steps towards economic recovery in Ireland and Portugal and to welcome the replacement of the European Financial Stabilisation Mechanism with a Euro-area only Stability Mechanism.
  @ MP voted no against noting a number of documents related to European financial stability, against welcoming steps towards economic recovery in Ireland and Portugal and against welcoming the replacement of the European Financial Stabilisation Mechanism with a Euro-area only Stability Mechanism.
  
  
  The majority of MPs voted to note a number of documents related to European financial stability, to welcome steps towards economic recovery in Ireland and Portugal and to welcome the replacement of the European Financial Stabilisation Mechanism with a Euro-area only Stability Mechanism.
  
  The motion approved in this vote was:
  
  :That this House 
  :''takes note'' of European Union Documents [http://europeanmemoranda.cabinetoffice.gov.uk/files/2014/03/15727-131.pdf No. 9776/11] relating to a Draft Council implementing Decision on granting Union financial assistance to Portugal, No. [http://www.consilium.europa.eu/media/29022/implementing%20decision%20portugal%2017%20may%2011.pdf 9780/2/11], relating to a Council implementing Decision on granting Union financial assistance to Portugal, and No. 9777/11 relating to a draft Council implementing Decision amending implementing [http://ec.europa.eu/economy_finance/assistance_eu_ms/documents/ie_2013-10-15_council_implementing_decision_ireland_en.pdf Decision 2011/77/EU of 7 December 2010] on granting Union financial assistance to Ireland; 
  :''notes'' the importance of financial stability in the Euro area for the UK; 
  :''welcomes'' the recent steps being taken by the governments of Ireland and Portugal to promote growth and return their economies to a sustainable path; 
  :''welcomes'' the Governmentâs success in securing agreement that the European Financial Stabilisation Mechanism will cease to exist once the permanent, Euro area-only, European Stability Mechanism becomes operational in July 2013; and ''that'' Article 122(2) of the Treaty on the Functioning of the EU, the basis for the emergency arrangements, will no longer be needed for such purposes.
  --- COMMENTS AND NOTES ---
  
  (put thoughts and notes for other researchers here)
  