You are here: Home » Reuters » News
Business Standard

Euro zone ministers debate future of their bailout fund

Reuters  |  LUXEMBOURG 

By Francesco Guarascio and Robert-Jan BartunekLUXEMBOURG (Reuters) - Euro zone finance ministers were discussing on Monday the role of their bailout fund in the planned deepening of the economic integration of the 19 countries sharing the euro and whether the fund should backstop institutions in the EU's banking union.The fund -- the European Stability Mechanism (ESM) -- was created at the height of the sovereign debt crisis as a lender of last resort to euro zone governments. It has a lending capacity of 500 billion euros."It is the right time to discuss what is the future role of the ESM, ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Mon, October 09 2017. 20:42 IST