Europe's Rescue Fund Seen Unlikely to Become a Bank

Europe's Rescue Fund Seen Unlikely to Become a Bank Play

July 26 (Bloomberg) -- Paul Donovan, managing director of global economics at UBS AG, talks about the U.K. economy and the prospect of granting a banking license to Europe's permanent bailout fund, the European Stability Mechanism. He speaks with Owen Thomas on Bloomberg Television's "First Look." (Source: Bloomberg)

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