Bloomberg News

Juncker Sees Details of EFSF Leverage Not in Place Until Oct. 26

October 22, 2011

Oct. 22 (Bloomberg) -- Luxembourg’s Jean-Claude Juncker, who leads the group of euro-area finance ministers, said the details of a plan to leverage the region’s bailout fund are unlikely to be in place until the Oct. 26 summit of leaders.

“I don’t think from now until Wednesday we will have worked out all the details of these leverage options,” Juncker said today in an interview in Brussels. “I expect no major decision tomorrow from heads of state” at a first summit.

“But that’s not really satisfying for markets, I have to say,” Juncker said.

To contact the reporter on this story: Fred Pals in Brussels at fpals@bloomberg.net

To contact the editor responsible for this story: Jones Hayden at jhayden1@bloomberg.net


Soul Searcher
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

 
blog comments powered by Disqus