The creation of the bailout fund has allowed the eurozone to preserve financial stability and the five countries that have benefited from it to improve their macro-economic situation and, with the exception of Greece, to finance themselves again on the financial markets, the Tumpel-Gugerell group of experts concluded in a report on the European Stability Mechanism published on Thursday 15 June.
The firebreak has worked and has been an important success, said Gertrude Tumpel-Gugerell, who was...