Follow Us

Follow us on Twitter  Follow us on LinkedIn
 

30 November 2011

フィナンシャル・タイムズ紙:EFSF(欧州金融安定ファシリティ)の拡充を巡るIMFとの交渉


Default: Change to:


Eurozone finance ministers are weighing more radical options to strengthen their firewall against the sovereign debt crisis, after acknowledging that plans to expand the €440 billion eurozone rescue fund could deliver as little as half the extra punch that was anticipated.


Exploratory discussions at a meeting in Brussels on Tuesday evening covered options to leverage the European Financial Stability Fund further or establish new ways to provide credit lines, including by funnelling European Central Bank loans via the IMF to struggling countries.

Olli Rehn said talks were already under way to try to furnish the IMF with more lending capacity, but declined to specify who might provide it. “We are – together with the IMF – consulting potential contributors through bilateral loans”, he said. “Among the euro area Member States, there’s very broad support to increase the IMF’s resources through bilateral loans.”

Ministers endorsed the two options to expand the European Financial Stability Facility rescue fund – an insurance scheme on bond losses and a vehicle for outside investors – that eurozone leaders initially hoped would leverage the €250 billion spare capacity of the rescue fund four or five fold, to more than €1,000 billion.

But Klaus Regling, head of the EFSF, told the meeting that the sharp deterioration in market conditions over the past month meant that the final firepower of the rescue fund was likely to be well short of this €1,000 billion target.

Full article (FT subscription required)



© Financial Times


< Next Previous >
Key
 Hover over the blue highlighted text to view the acronym meaning
Hover over these icons for more information



Add new comment