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Schaeuble: No Need To Increase EFSF΄s Capacity
German Finance Minister said on Monday there was no need to strengthen the Eurozone stability fund, according to Reuters.
Wolfgang Schaeuble added that discussion of the matter was fuelling market speculation over the finances of Eurozone countries.
"In our view, it is not necessary at the present time to increase the capacity of the EFSF," Schaeuble told French newspaper La Tribune in an interview, while the area’s finance ministers are to meet later today to discuss how to give the European Financial Stability Facility (EFSF) greater lending capacity.
The issue has been in the spotlight for months since it became clear its effective capacity was only about EUR250bn, not EUR440bn, due to guarantees built into the fund to maintain its triple-A rating, according to Reuters.
Schaeuble added that the ongoing debate was sending the wrong signals to financial markets, boosting speculation over the financial situation in Eurozone member states.
(capital.gr)
German Finance Minister said on Monday there was no need to strengthen the Eurozone stability fund, according to Reuters.
Wolfgang Schaeuble added that discussion of the matter was fuelling market speculation over the finances of Eurozone countries.
"In our view, it is not necessary at the present time to increase the capacity of the EFSF," Schaeuble told French newspaper La Tribune in an interview, while the area’s finance ministers are to meet later today to discuss how to give the European Financial Stability Facility (EFSF) greater lending capacity.
The issue has been in the spotlight for months since it became clear its effective capacity was only about EUR250bn, not EUR440bn, due to guarantees built into the fund to maintain its triple-A rating, according to Reuters.
Schaeuble added that the ongoing debate was sending the wrong signals to financial markets, boosting speculation over the financial situation in Eurozone member states.
(capital.gr)