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Finland questions eurozone deal

July 2, 2012 6:51 pm

Finland has cast doubt on one of the key crisis-response measures agreed at last week’s EU summit – to use eurozone bailout funds more flexibly.

The Finnish government says it has Dutch backing to prevent the eurozone’s new permanent bailout fund – the ESM – from buying bonds in secondary markets.

Under pressure from Italy and Spain the 17 eurozone leaders agreed to ease the mechanism for bond purchases.

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Germany’s top court will soon consider legal challenges to the ESM.

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