EU finance minsters agree on the size of a permanent bailout fund to be launched in 2013. The...

|By:, SA News Editor

EU finance minsters agree on the size of a permanent bailout fund to be launched in 2013. The ESM will have a lending capacity of €500B, double the amount of the currently available EFSF. Minor details, such as how the ESM will be funded, are yet to be agreed upon.