At a conference in Brussels on Tuesday 10 April on the creation of a European Monetary Fund (EMF), the Executive Director of the European Stability Mechanism (ESM), Klaus Regling, made the case for the international organisation to retain its own functioning and equity, remaining answerable only to its shareholders, the Eurozone countries.
In so doing, Regling distanced himself from the European Commission's proposed position from the end of 2017, which, in the framework of a broader package...