Voice of America: Eurozone Finance Ministers Launch Bailout Fund Oct 8th 2012, 16:13 Voice of America | Voice of America is an international news and broadcast organization serving Central and Eastern Europe, the Caucasus, Central Asia, Russia, the Middle East and Balkan countries | | Eurozone Finance Ministers Launch Bailout Fund Oct 8th 2012, 15:38 Europe's new bailout fund is being unveiled as finance ministers from the 17-nation eurozone meet in Luxembourg, amid more gloomy indicators about Europe's economic health. Officially called the European Stability Mechanism, the new $653-billion rescue fund aims to offer a financial buffer for ailing eurozone economies like Greece and Spain. It follows September's announcement by the European Central Bank of a bond-buying plan to ease the longstanding eurozone debt crisis. At a ... | | | | |
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