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

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.

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.