Amidst all the other turmoil, EU's modest moves on ESM reform risk getting ignored completely. Putting ESM as backstop behind

Amidst all the other turmoil, EU's modest moves on ESM reform risk getting ignored completely. Putting ESM as backstop behind Single Resolution Fund for banks by 2022 is step in right direction at least. Great thread this by @SebastianMack_ twitter.com/SebastianMack_…

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