Euro Aid from the ESM EU Reaches Agreement on Permanent Bailout Fund

Euro-zone finance ministers meeting in Brussels on Monday night finalized the treaty governing the permanent euro bailout fund, the ESM. The deal paves the way for the ESM to take effect in July, a year earlier than planned. German Finance Minister Schäuble also said that final agreement had been reached on tighter euro-zone budgetary rules.
Europe plans to move up the permanent euro bailout fund to this year.

Europe plans to move up the permanent euro bailout fund to this year.

Foto: Sean Gallup/ Getty Images
dsk -- with wire reports