Bloomberg News

ECB’s Noyer Says Boosting Size of EFSF May Be ‘Unrealistic’

October 17, 2011

Oct. 17 (Bloomberg) -- European Central Bank governing council member Christian Noyer said it may be difficult to increase the size of Europe’s financial support fund, though the possibility of leveraging it should be studied.

“It would be unrealistic to expect an increase in the EFSF itself,” he told a conference in Paris, refering to the European Financial Stability Facility. “I am personally open to any scheme which would allow existing commitments to be leveraged to provide greater intervention capacity.”

To contact the reporter on this story: Mark Deen in Paris at markdeen@bloomberg.net

To contact the editor responsible for this story: Mark Deen at markdeen@bloomberg.net


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