EU agrees euro rescue fund guidelines for banks

Eurozone finance ministers have agreed guidelines on how the eurozone's emergency bailout fund can inject money directly into struggling banks. The power to directly help banks by the 500bn euro ($660bn; £427bn) European Stability Mechanism is seen as a key move in stabilising the eurozone area. via Pocket http://www.bbc.co.uk/news/business-23001847#sa-ns_mchannel=rss&ns_source=PublicRSS20-sa