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Juncker: 'It is obvious the Greek programme is off track' (Photo: YoungJ523)

EU ministers agree new bail-out fund, criticise Greece

EU finance ministers have overcome Finnish objections to a permanent bail-out fund for the eurozone, access to which will be made conditional on signing a new treaty on fiscal discipline.

"We were able to agree on a text of the revised treaty concerning the European Stability Mechanism," Chair of the meeting Luxembourg Prime Minister Jean-Claude Juncker told a press conference late Monday night (23 January).

The revised text provides for the ESM, the permanent bail-out fund for ...

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