逃命了 No Eurogroup decision on EFSF leveraging likely on Mon# Stock
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Reuters) - Euro zone finance ministers will discuss on Monday how to
leverage their EFSF bailout fund to give it more power without increasing
national guarantees, but are unlikely to make any decisions, euro zone
officials said.
"The ministers on Monday will come closer to a solution, but not to a
conclusion," one euro zone official involved in the preparation of the
meeting said.
"The are a lot of ideas around, I don't think anybody can say for sure at
this stage what solution will be chosen," a second euro zone official said.
The euro zone is looking at ways to make more effective use of the 440
billion euros of its European Financial Stability Facility (EFSF) because it
needs to show markets that it can stabilise the yields of Spanish and
Italian bonds on the market -- a job now done by the European Central Bank.
(Reporting By Jan Strupczewski)
leverage their EFSF bailout fund to give it more power without increasing
national guarantees, but are unlikely to make any decisions, euro zone
officials said.
"The ministers on Monday will come closer to a solution, but not to a
conclusion," one euro zone official involved in the preparation of the
meeting said.
"The are a lot of ideas around, I don't think anybody can say for sure at
this stage what solution will be chosen," a second euro zone official said.
The euro zone is looking at ways to make more effective use of the 440
billion euros of its European Financial Stability Facility (EFSF) because it
needs to show markets that it can stabilise the yields of Spanish and
Italian bonds on the market -- a job now done by the European Central Bank.
(Reporting By Jan Strupczewski)