Euro Area Grapples With ESM Rules as Legacy Assets Loom

Euro-area finance ministers staked out their turf in a brewing battle over bank rescues amid German and Austrian warnings that direct bailouts won’t be widely available. Ministers seek an agreement in the first half of this year on how and when the 500 billion-euro ($666 billion) European Stabil…

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Euro Area Grapples With ESM Rules as Legacy Assets Loom

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