Luxembourg, 20/06/2013 (Agence Europe) - The eurozone's permanent bailout fund, the European stability mechanism (ESM) should be able to intervene retroactively on a case-by-case basis in the recapitalisation of a bank that has already received public aid.
Acting on a case-by-case basis will make faster action possible once a tangible decision has been taken to recapitalise a struggling bank, said a source on Thursday 20 June on the fringes of the Eurogroup meeting deciding on guidelines...