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ESM Plus EFSF Plus IMF Europe May Be Planning 1.5 Trillion Euro Backstop Fund

The permanent euro backstop fund ESM is due to replace the European Financial Stability Facility this year. But both 500 billion-euro funds could be merged and added to a third from the International Monetary Fund to create a super debt firewall, according to media reports from Davos.
Europe may be planning to dramatically enlarge its backstop fund.

Europe may be planning to dramatically enlarge its backstop fund.

DPA
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