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Exact(18)
And if the fund were to borrow $871 million more to invest, its fee would double to $34 million.
But there are concerns, particularly if a fund were to see a tide of withdrawals in a short period.
If a rescue fund were to be created, Mory's, located in a two-story Greek Revival building with peeling paint, might get a makeover.
Under its current guarantee to the bail-out fund, France has a contingent liability of 8% of GDP (if the fund were to be drawn down in full).
One way out would be if the European Stability Mechanism (ESM), the euro area's rescue fund, were to recapitalise banks directly.
In a statement Friday, his office expressed confidence that if the fund were to be needed, "all the necessary approvals will be in place".
Similar(42)
The prize fund was to be $1.2 million.
The fund is to be launched early next year.
The independent living fund is to be scrapped completely.
The role of the fund is to help the press.
Most funding was to come from taxpayers.
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CEO of Professional Science Editing for Scientists @ prosciediting.com