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Merkel Rejects Increasing ESM, Italy Sells 5-Year Notes

posted by Avatar FXTimes 525 days ago in EUR, Fundamental, Sentiment made popular 525 days ago

Yesterday, the EUR stumbled as Germany's Chancellor Angela Merkel rejected the idea of increasing the upper limit of funding for the permanant bailout fund - the European Stability Mechanism (ESM). That was one hope of market participants following a disappointing EU summit. In Italy meanwhile the EU summit was not able to help calm the country's
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