The euro bailout fund: A democratic 'black box'?

Some five kilometers away from the centre of Luxembourg, in a nondescript office building, lies what is known as the eurozone bailout fund.

Visitors, rare as they may be, should not expect a vault filled with gold bullion. Other than a golden-coated miniature elephant - a conference gift from Thailand - there is little indication of anything valuable in the almost barren office on the third floor of the building.

Two years in existence, the European Financial Stability Facility ...