At a session of the Eurogroup an extended format, in Luxembourg on Monday 1 October, the finance ministers of the Twenty-Seven (all but the British minister) held an exchange on the role of the European Stability Mechanism (ESM) in preventing and managing crises as well as on the precautionary conditioned credit line (PCCL) attached to it.
“An agreement is clearly within reach, though discussions need to continue”. Optimism was the order of the day following the Eurogroup meeting on ESM...