Mon, 04 Jun 2012 10:12:17 GMT
The European Stability Mechanism is set to begin its operation on 9 July
The E.U. is focused on its full
implementation of the European Stability Mechanism that will hold funds
totaling at EUR 500 billion (USD 620 billion). The main purpose of the ESM is
to resolve the repercussions of the recession that forced Ireland, Portugal and
Greece to request a bailout. Until 90%
of the anticipated funds are obtained by the ESM, the European Financial Stability
Facility, holding