Dijsselbloem: Makes proposal on ESM direct bank aid

Direct recap proposal obtained by Bloomberg news, crossing the wires now as proposals from Dijsselbloem:

• Makes proposal on ESM direct bank aid
• Requesting country to pay 75-bps margin to ESM
• Review after 10 years on continuation of tool

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Jeroen Dijsselbloem is

• Dutch Minister of Finance,
• the president of the Eurogroup,
• president of the Board of Governors of the European Stability Mechanism (ESM),
• and lover of hats.

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If you are having trouble sleeping, here is a link to the full text of remarks by Eurogroup president Dijsselbloem after today’s Eurogroup meeting.

You’re welcome and sweet dreams.