EU leaders to agree the permanent rescue fund - News - Dukascopy Bank

Mon, 30 Jan 2012 08:48:36 GMT
Source: Reuters
 
© Scanpix/AFP
EU heads plan to sign an agreement on the Euro Zone's permanent bailout fund at the Monday's summit. The EFSF will be replaced by ESM, the leaders of which will increase defense against the sovereign debt crisis. Mario Monti, Christine Lagarde and Timothy Geithner also insist on combining funds of the EFSF and ESM to create a fund of one trillion of US Dollars. Moreover, leaders are likely to decide on the rules regarding balanced budget in the legislation. The summit will also cover issues as unemployment and measures to boost growth.

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