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ESM Could Be in Operation in Two or Three Months - Expert

Tuesday, 10 Jul 2012 | 3:40 AM ET

Guntram Wolf, deputy director of European think tank Bruegel, commented on the disconnect in expectations amongst market participants and EU officials on how quickly the ESM can be operational and give market support: "Markets need to be realistic in terms of the speed at which the ESM can be implemented. The ESM could be operational rather quickly, in the next 2-3 months".