Bloomberg News

EFSF Guarantees May Be Backed by Assets, Gold, Bild Says

October 26, 2011

Oct. 26 (Bloomberg) -- Guarantees for bonds in the enhanced European bailout, known as the European Financial Stability Facility, fund may be backed by collateral such as central bank gold, the Bild Zeitung newspaper reported, citing the interpretation of German lawmakers.

The proposal is embedded in a working document prepared for today’s summit of European leaders in Brussels, Bild reported.

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


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