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Euro zone could accept short delay of ESM reform - EU official

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12/02/2019 | 09:40am EST

A short delay of a reform to the euro zone's bailout fund could be acceptable but would not be the best option, a senior EU official said on Monday, in an overture to Italy, which fears the overhaul may raise its debt servicing costs.

"The signing of the reform of the ESM treaty is not necessary in December. It could be one or two months later," an EU official said, referring to the European Stability Mechanism.

The reform had been already agreed in June by euro zone finance ministers, and was due to be formally adopted this month.

(Reporting by Francesco Guarascio @fraguarascio; Editing by Alison Williams)

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