Under continued market pressure, the European Council might have to find a stopgap arrangement to avoid a calamity.

Building up Afghanistan s security forces is at most a stopgap measure, as the country cannot sustain forces of the size that it now needs.

One of its major functions should be to help ensure predictable financing for early recovery activities an important stopgap measure to overcome delays in disbursement.

Indeed, I consider the EFSF to be a stopgap measure while we remedy the fundamental shortcomings of the Stability and Growth Pact, whose fiscal rules lack both substantive and formal bite.

Under continued market pressure, the European Council might have to find a stopgap arrangement to avoid a calamity. It could authorize the ECB to lend directly to governments that cannot borrow from the markets on reasonable terms until a eurobond regime is introduced.

We wish, however, to reiterate the Nigerian position that such an instrument should be considered as only a stopgap measure, for we believe that it is only through a legally binding international instrument that the transfer of small arms and light weapons to non State actors can be controlled and criminalized.