Euro zone’s Dijsselbloem calls for ESM to be turned into a European IMF

Click For Larger Image & Read More
Euro zone’s Dijsselbloem calls for ESM to be...
 © CyprusWeekly 2017
The European Stability Mechanism (ESM) – the euro zone’s bailout fund – should ultimately be turned into a European version of the International Monetary Fund, the head of euro zone finance ministers told a German newspaper.

“I think it would make a lot of sense for the euro zone bailout fund ESM to be developed into a European IMF in the medium to long term,” Jeroen Dijsselbloem told Monday’s edition of Frankfurter Allgemeine Zeitung.

He said that would also mean that Greece’s current “troika” of lenders – the European Commission,...


Euro zone’s Dijsselbloem calls for ESM to be turned into a European IMF


The contents of this article including any associated images are © CyprusWeekly 2017

  • Click Here

Trending Cyprus News

Article Tags: dijsselbloem, calls, turned, european,

 

  • Click Here
24hr News