Successful bond launch of EU rescue fund – a sign of confidence in the euro

Euranet, 10.10.2013

Interview/quote

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The EU’s rescue fund – ESM – which is designed to stabilize European economies and which has given support to crisis countries like Spain and Cyprus, issued a first long term bond this week in a call for capital. 7 billion EUR was raised with big interest from investors. This is a sign of confidence in the euro area countries and in the euro, Janis A. Emmanouilidis, a policy expert at Brussels based think tank, European Policy Center, argues.

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