Euro zone finance ministers fail again to name new bailout fund head ...Middle East

After several months of attempts, euro zone finance ministers failed again on Monday to choose a new head of the bloc's bailout fund, EU officials said. Ministers need to agree on the successor of Klaus Regling who will retire in October after having steered the European Stability Mechanism (ESM) since its creation in 2012 in the midst of the euro zone debt crisis.

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