Brussels, 24/09/2013 (Agence Europe) - The treaty establishing the European Stability Mechanism (ESM) does not allow for it to lend cash to the future Single Resolution Mechanism (ESM), warned the ESM director general, Klaus Regling, on Tuesday 24 September during a hearing at the European Parliament's economic and monetary affairs committee.
Regling said he was aware of the talks over this issue after the cat was set amongst the pigeons in Vilnius on Friday 13 September by a member of the...