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Europe Daily Bulletin No. 10342

23 March 2011
Contents Publication in full By article 11 / 44
GENERAL NEWS / (eu) eu/economy
European Stability Mechanism takes shape

Brussels, 22/03/2011 (Agence Europe) - In the early evening of Monday 21 March, European finance ministers put the finishing touches to how the European Stability Mechanism (ESM) will operate, a fund to replace the current EFSF in July 2013. The EFSF bailout fund was set up in May 2010 to ensure stability in the eurozone and has been used once so far, to provide aid for Ireland. The creation of bailout funds with more bite is part of the overall package of measures to deal with the eurozone...

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