Brussels, 02/05/2014 (Agence Europe) - The European stability mechanism (ESM), the eurozone's backstop, is now fully capitalised at €80 billion, more than for any other international financial body, explained the ESM in a press release on Thursday 1 May.
The ESM has now reached its target level of €80 billion in paid-in capital, as ESM members transferred the final tranche of €15.7 billion. The payments were carried out in five tranches, starting in October 2012 when the ESM was...