Eurogroup draft statements: a combined reserve capacity of the eurozone stabilization funds will be by mid-2013 E700 billion

Market news

29 March 2012

Eurogroup draft statements: a combined reserve capacity of the eurozone stabilization funds will be by mid-2013 E700 billion

- In emergency situations, may increase the fund size to E940 billion rescue
- Active EFSF will continue after July 2012 only applied to the maintenance of existing programs
- Contributions to the fund ESM euro area will occur as follows: two tranches in 2012, another two - in 2013 and a final - in 2014
- The capital will be reviewed by ESM

European stocks closed in minus: FTSE 100 5,742.03 -66.96 -1.15%, CAC 40 3,381.12 -49.03 -1.43%, DAX 6,875.15 -123.65 -1.77%

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