- Possibility of an increase in euro zone rescue fund to 940 bln euros in exceptional circumstances
- EFSF is to remain active only in servicing existing programmes after July 2012
- Euro zone to pay in two tranches of ESM capital in 2012, further 2 in 2013 and final one in 2014
- After mid-2013, euro zone bailout capacity will be 700 bln euros
- ESM capital size will continue to be reviewed
Reuters reporting.
EUR/USD steady-ish, the cat having been let out of the bag yesterday. We’re presently at 1.3283 from session low 1.3267.
