Europe’s bailout fund, the ESM, wants to liberate Greece from the risk of rising interest rates in what could amount to debt relief. The plan could lead to renewed tensions between Berlin and the IMF over the bailout. Euro zone countries are preparing some minor debt relief for Greece. Source: Handelsblatt
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Turkish President Tayyip Erdogan said on Wednesday that Europeans across the world would not be able to walk safely on the streets if they kept up their current attitude. Source Reuters
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 said on Monday in a German newspaper. Source: Ekathimerini
German Finance Minister Wolfgang Schäuble has said the European Banking Authority should be merged with the European insurance regulator, with the merged body to be located in Frankfurt. Source: Handelsblatt