Brussels, 08/10/2012 (Agence Europe) - Managers of the new eurozone bailout fund, the European Stability Mechanism (ESM), with lending capacity of €500 billion, held their first meeting in Luxembourg on Monday 8 October to formally launch the ESM on the same day as a meeting of Eurogroup in the same city. The eurozone now has a permanent and effective backstop to back up financial stability in the single currency area, explained the president of the Eurogroup Jean-Claude Juncker. Euro...