Eurozone to launch ESM rescue fund | Bangkok Post: business

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Eurozone to launch ESM rescue fund

Published: 8 Oct 2012 at 06.49
Online news: News

The eurozone finally gets its 500 billion euro rescue fund on Monday when finance ministers meet amid growing uncertainty over Greece's tortuous debt bailout and whether Spain will need help in turn.

The eurozone finally gets its 500 billion euro rescue fund on Monday when finance ministers meet amid growing uncertainty over Greece's tortuous debt bailout and whether Spain will need help in turn.

The formal launch and inaugural board meeting of the European Stability Mechanism comes just 10 days before the EU's 27 leaders hold a Brussels summit, with expectations low that there will be any breakthrough on the big issues.

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yik
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Discussion 2 : 08 Oct 2012 at 12.112
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I totally agree with bluebottle D1. Germany is 'considering' to leave the EU since 2010. This 'Union' so far has only resulted in bail-outs and large scale 'redistribution' of funds. When will it completely fall apart?
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bluebottle
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Discussion 1 : 08 Oct 2012 at 09.161
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From what I read France are not out of the woods.How long will it be before the inevitable happens and Grease have to retreat from the Euro and may be Spain also.Unless both countries come up with a miracle cure and kick start there GDP and with the austerity measures in place that is unlikely to happen the outcome is only being delayed.Again too much political interference and a lot of corruption taking place.
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