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Finland Eases Stance on ESM Bank Aid

Finnish Prime Minister Jyrki Katainen said any decision on using Europe’s rescue fund to recapitalize banks directly will be on a case-by-case basis, signaling Ireland and Spain may yet be able to tap the facility.

The comments follow remarks by German Chancellor Angela Merkel and French President Francois Hollande, who have sought to calm concern sparked by the German leader’s statements last week ruling out retroactive bank recapitalizations by the European Stability Mechanism.