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Fears over bailout fund staff
An external consulting firm charged with evaluating the structure of Europe’s new permanent rescue facility has raised questions about whether it will have enough staff to function effectively. In a 12 May letter addressed to Klaus Regling, the head of the bloc’s temporary rescue fund, partners at A.T. Kearney warn that the approved staff of 75 for the European Stability Mechanism (ESM) may prove “too small” if the debt crisis rumbles on for several years.