EXTRA: Euro bailout fund may be used for banks too, Brussels says

Brussels (dpa) - The eurozone‘s new bailout fund, the European Stability Mechanism (ESM), should be able to lend directly to struggling banks, the European Commission said Wednesday, in a proposal likely to resonate in Spain.In a 28-page report on the eurozone, the EU executive argued that it was necessary "to sever the link" between struggling private lenders and cash-strapped national ...