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Image header Agence Europe
Europe Daily Bulletin No. 10316
Contents Publication in full By article 13 / 37
GENERAL NEWS / (eu) eu/eurogroup

Agreement in principle on €500 billion war chest for ESM

Brussels, 15/02/2011 (Agence Europe) - On Monday evening, after a meeting of the Eurogroup that was open to non-euro member states, Luxembourg's prime minister (and chair of the Eurogroup) Jean-Claude Juncker said that the ministers had already agreed on the size of the new European Stability Mechanism (ESM) that in 2013 will replace the temporary funds set up in 2010 to ensure stability in the eurozone. Juncker said the ESM's effective lending capacity would be close to €500 billion and...

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