More from the EU: The permanent bailout mechanism, the ESM, will be brought forward, launching...

|By:, SA News Editor

More from the EU: The permanent bailout mechanism, the ESM, will be brought forward, launching in July 2012, while the existing EFSF will remain until mid-2013. The ESM will also be allowed to directly recapitalize banks, and once again, is to be given a banking license. (previous)