New euro zone 'corona bonds' body could take years to set up - bailout fund
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BRUSSELS (Reuters) - A new mechanism to enable the issuance of joint euro zone debt to counter economic fallout from the coronavirus epidemic, as recommended by nine European leaders, could take up to three years to set up, the head of the bloc's bailout fund said.However, common 'corona bonds' could in theory be issued immediately if the bloc's existing funding institutions were used, European Stability Mechanism (ESM) head Klaus Regling told the Financial Times.France, Italy, Spain and six..