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Europe Daily Bulletin No. 12613

2 December 2020
ECONOMY - FINANCE - BUSINESS / Emu
Agreement in Eurogroup on reform of European Stability Mechanism
Brussels, 01/12/2020 (Agence Europe)

Euro area Finance Ministers reached an agreement on the reform of the European Stability Mechanism (ESM) in the early evening of Monday 30 November. The euro area permanent rescue fund will play an enhanced role in managing the macroeconomic crisis in the euro area and will be the lender of last resort for the Single Resolution Fund (SRF), the financial arm of the resolution arm of the banking union.

This agreement, which “reflects the progress made in reducing risks” of a financial...

Contents

ECONOMY - FINANCE - BUSINESS
INSTITUTIONAL
SECTORAL POLICIES
SECURITY - DEFENCE
EXTERNAL ACTION
CULTURE - SPORT
EU RESPONSE TO COVID-19
SOCIAL AFFAIRS
NEWS BRIEFS