27/01/2021 (Agence Europe) – On Wednesday 27 January, the euro area countries signed the revised treaty of the European Stability Mechanism (ESM), which will notably allow the permanent rescue fund for the euro area to play - up to a maximum of €68 billion - the role of a safety net (‘backstop’) for the Single Resolution Fund (SRF) in the event of the failure of a major bank within the banking union(see EUROPE B12643A22). Estonia, where a new government led by the liberal Kaja...