The president of the Eurogroup, Mário Centeno, said he was “confident” on Monday 16 March that the euro-area finance Ministers will soon be able to “close this big chapter” of reforming the European Stability Mechanism (ESM), the euro area’s permanent rescue fund.
The work carried out by national experts is helping to clarify the legal issues still open, Mr Centeno said, expecting a final agreement once the coronavirus crisis has been overcome.
The ongoing reform will give more...