Brussels, 03/02/2012 (Agence Europe) - France's European affair minister, Jean Leonetti, said on Friday 3 February that the European Stability Mechanism (ESM) agreed upon by sherpas of the 17 eurozone nations on Thursday 2 February amounted to the creation of a “genuine European Monetary Fund”, that France has been calling for for many a long year (see EUROPE 10542).
President of the European Council Herman Van Rompuy said the ESM, the new European bailout fund, would be up and running...