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PIIGS

ESM: The New Face of the Eurozone Bailout Fund (Spiegel)

October 14, 2018 | File Under: , , ,

The European Stability Mechanism may soon be granted far-reaching new powers, including the kinds of functions currently possessed by the IMF. It would be expected to play a bigger role in bank bailouts and would be empowered to better assist governments that find themselves in a tight spot.

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