Eurozone launches permanent bailout fund today, with Spain in the spotlight

We may earn a commission from links on this page.

A link from Reuters

The eurozone’s permanent €500 billion ($652 billion) bailout fund became operational today, two years after eurozone leaders endorsed the idea. The European Stability Mechanism (ESM) is designed to help troubled eurozone economies get back on track. Spain is likely the first candidate, as it struggles with a serious debt crisis.