ESM will wrap up restructuring dispute: IMF

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The sooner euro area countries merge their two rescue funding vehicles into one permenant programme, the quicker talk of a debt restructuring will end, was the IMF's message to Eurogroup finance ministers on Monday.

The temporary European Financial Stability Facility (EFSF) and European Financial Stabilisation Mechanism are set to merge into a permanent rescue funding programme under the European Stability Mechanism (ESM) in mid-2013. At the conclusion of its Article IV consultation with euro

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