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Europe Daily Bulletin No. 10784

13 February 2013
ECONOMY - FINANCE - BUSINESS / (ae) banking
Direct bank bailout cash may be capped

Brussels, 12/02/2013 (Agence Europe) - On Monday 12 February, the head of the Eurogroup, Jeroen Dijsselbloem, said that eurozone finance ministers want to set a cap on the cash available for direct bank bailouts under the European Stability Mechanism (ESM). “On capacity, in order to maintain the ESM capacity for other instruments and the ESM high credit rating, we agreed to explore possibility of defining limits for the various ESM instruments. The ESM should strive to maximise efficiency...

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