Bloomberg News

Enhanced EFSF Open to Exploitation, Issing Tells Handelsblatt

October 21, 2011

Oct. 21 (Bloomberg) -- European leaders’ efforts to enhance the firepower of the single currency area’s bailout fund underestimate the risk of the exploitation of its resources, the European Central Bank’s former chief economist Otmar Issing said in a guest column in Handelsblatt.

“The danger that a huge pool of financial resources will be interpreted as an invitation for use isn’t at all mentioned” in discussions, he is cited as saying.

To contact the editor responsible for this story: Brian Parkin at bparkin@bloomberg.net


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