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The EU's permanent rescue fund the European Stability Mechanism (ESM) "is fully operational"...

  • Monday, October 8, 2012, 10:08 AM ET
    The EU's permanent rescue fund the European Stability Mechanism (ESM) "is fully operational" (watch live press conference here) with capacity of €200B. At this point, the ESM is taking over the tasks of the temporary EFSF.
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