Bloomberg News

German Official Says Euro Backstop Has Sufficient Potential

January 31, 2012

Jan. 31 (Bloomberg) -- The European Financial Stability Facility, the euro region’s temporary backstop, has sufficient potential at the moment and additional countries have to seek aid first before a doubling or tripling of the fund should be discussed, a German government official said in Berlin today, speaking on condition of anonymity.

There’s no reason therefore to discuss the question of China investing in the EFSF at the moment, even though the question can come up very quickly, the official said.

To contact the editor responsible for this story: Rainer Buergin at rbuergin1@bloomberg.net


Too Cool for Crisis Management
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus