On 8 October, the 17 countries of the eurozone launched the European Stability Mechanism (ESM), a €500 billion fund to helo euro members states recapitalise their struggling banks without having to borrow on the markets.

Was this article interesting?

Support us so that we can offer more of the same, keep it accessible to all, and stay independent!

Support

Are you a news organisation, a business, an association or a foundation? Check out our bespoke editorial and translation services.

Support border-free European journalism

Donate to bolster our independence

Related articles