- Via Bloomberg.
- The rumors were 700 billion euros.
- In mid-2013 it will revert to 700 billion euros.
- The additional 240 billion euros will be available “in exceptional circumstances following a unanimous decision of euro-area heads of state or government notably in case the ESM capacity would prove insufficient,” according to the draft.
I’m a bit surprised we’re not seeing risk appetite rebound a bit more on this.