The following is a guest post by Supreetha Sampath Kumar, a foreign law intern at the Law Library of Congress. This blog post is part of our Frequently Asked Legal Questions series. On November 8, 2016, the Prime Minister of India, Narendra Modi, announced the “notebandi” initiative, declaring that the use of all Rupees (Rs.) 500 and …
This blog post is part of our Frequently Asked Legal Questions series. On July 12, 2015, the euro-area member states agreed in principle to start negotiating a third loan package with Greece. The loan will be provided by the European Stability Mechanism (ESM), which was set up in 2012 by the euro-area member states. Yesterday I looked …
This blog post is part of our Frequently Asked Legal Questions series. On July 8, 2015, the new Greek Finance Minister Euclid Tsakalotos submitted a request for a third loan package to the European Stability Mechanism (ESM). The ESM was set up in 2012 as a permanent intergovernmental organization under public international law to issue debt instruments …