24.03.2011 - The euro zone's ESM permanent bailout fund
European Union finance ministers have agreed on the setup of the European Stability Mechanism -- the permanent euro zone bailout fund. Following are their decisions put together in a "term sheet" on the ESM, which is to replace the existing fund the European Financial Stability Facility (EFSF) -- in mid-2013. The agreement, reached on Monday, is expected to be approved by EU leaders at a summit on March 24-25..............................................Full Article: Source
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