Article 125 of the TFEU, the EU and its member states have no obligation to assume the commitment of either national government or central banks of other member states if they incur in financial trouble.
The article states: “The Union shall not be liable for or assume the commitments of central governments, regional, local or other public authorities, other bodies governed by public law, or public undertakings of any Member State, without prejudice to mutual financial guarantees for the joint execution of a specific project.
However, Ms von der Leyen spoke at length about the importance of the rule of law in her 75-minute long State of the Union speech in Parliament.
The Commission President said: “The Commission attaches the highest importance to the rule of law.
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