Bloomberg News

Sarkozy Estimates EFSF Bailout Fund Will Be Worth $1.4 Trillion

October 26, 2011

Oct. 27 (Bloomberg) -- French President Nicolas Sarkozy estimates the euro region’s bailout fund will be worth $1.4 trillion after European governments agreed on steps to leverage existing guarantees by as much as five times. He spoke to reporters after a summit of European leaders in Brussels.

To contact the reporter on this story: Helene Fouquet in Paris at hfouquet1@bloomberg.net

To contact the editor responsible for this story: John Fraher at jfraher@bloomberg.net


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