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Sovereign Wealth Funds Briefing - Categorized | Fund Profile/New Launches

Germany okays Europe’s latest rescue fund

Posted on 01 September 2011

Angela Merkel’s German cabinet on Wednesday approved changes to the latest European rescue fund which now goes to parliament for ratification, officials said.

Extending the European Financial Stability Facility’s (EFSF) mandate was agreed on July 21 by European leaders to alleviate the eurozone debt crisis. The reforms must be ratified by lawmakers across the 17-nation eurozone……………………………………….Full Article: Source


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