Eurozone bailout funds lifted to $700bn

Jackson, Gary
March 2012
Fundweb;3/30/2012, p6
Trade Publication
The article informs that finance ministers of the Eurozone have agreed to provide 500 billion dollar as rescue fund to comabt the ongoing debt crisis. It has been stated that the Economic and Financial Affairs Council has stated that the European Stability Mechanism (ESM) will start working in July 2012. It has been informed that 240 billion dollar would be made available for bailouts in the transitional period.


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