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Europe Live Wednesday 22nd May 2013

800 billion euro for the euro zone

2nd April 2012

On 30th March the euro zone Finance Ministers came to agreement to bring the euro zone's firewall up to 800 billion euros. This sum includes around 300 billion euros in aid that has already been provided or promised to countries in difficulty and 500 billion for the European Stability Mechanism. This decision was taken just as the International Monetary Fund and the emerging countries were urging the EU to come up with effective tools before they provided any further support themselves.

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