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Europe Daily Bulletin No. 12952

14 May 2022
Contents Publication in full By article 17 / 26
ECONOMY - FINANCE - BUSINESS / Economy
ESM advocates creation of a fiscal capacity for euro area based on loans
Brussels, 13/05/2022 (Agence Europe)

Economists at the European Stability Mechanism (ESM), the euro area’s permanent rescue fund, believe that the ESM is best placed to set up a fiscal capacity for the euro area that would provide loans to one or more States facing an asymmetric macroeconomic shock.

With a budget of €250 billion, the fund would provide loans with a maturity of 10 years, which for the first 3 years would not be subject to interest or fee repayment so as not to hamper recovery in the recipient country. For...

Contents

SECTORAL POLICIES
EXTERNAL ACTION
SECURITY - DEFENCE
Russian invasion of Ukraine
SOCIAL AFFAIRS
INSTITUTIONAL
ECONOMY - FINANCE - BUSINESS
COURT OF JUSTICE OF THE EU
NEWS BRIEFS
ADDENDUM