Euro area finance ministers are expected to be able to finalise the reform of the European Stability Mechanism (ESM), the euro area's permanent rescue fund, at the Eurogroup on Monday 16 March.
"We are now almost in a position to endorse (the reform, editor's note)", a diplomatic source said Friday, 6 March.
The reform will give more power to the ESM in the event of a macroeconomic crisis. A euro area country, which will call for financial assistance, will not be subject to an automatic...