European Union (EU) finance ministers Monday laid out details of the permanent bailout fund which will have a capital base of 700 billion euros (987 billion U. S. dollars) to deal with future sovereign debt crisis.
“I can tell you that we have agreed on all elements relating to the ESM (the European Stability Mechanism) and I am delighted that that’s the case,” Eurogroup President Jean-Claude Juncker said……………………………………….Full Article: Source