Arab Today, arab today esm to be boosted to 2 trillion euros for emergencies
Last Updated : GMT 02:18:28
Arab Today, arab today
Arab Today, arab today

ESM to be boosted to 2 trillion euros for emergencies

Arab Today, arab today

Arab Today, arab today ESM to be boosted to 2 trillion euros for emergencies

Berlin - AFP

Eurozone countries plan to boost the size of their rescue fund for indebted countries to two trillion euros (about $2.6 trillion) to be ready for emergencies, a German media report said Sunday. The current target for the European Stability Mechanism is 500 billion euros, but eurozone countries want to prepare for contingencies in large economies such as Spain and Italy, said the weekly Der Spiegel. It should be modelled on the European Financial Stability Facility set up in the spring of 2010 in response to the Greek sovereign debt crisis, said the report, which cited no sources. However, the proposal has run into opposition from Finland, which blocked its early adoption within the Eurogroup and would want such a change to be approved by its national parliament, Der Spiegel said. The ESM, with capital of 80 billion euros, will come into force next year as a \"firewall\" and lender of last resort to indebted states and banks.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today esm to be boosted to 2 trillion euros for emergencies Arab Today, arab today esm to be boosted to 2 trillion euros for emergencies

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today esm to be boosted to 2 trillion euros for emergencies Arab Today, arab today esm to be boosted to 2 trillion euros for emergencies

 



Arab Today, arab today Designer Rania Adel reveals her new collection

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday