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Eurozone to launch ESM rescue fund

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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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