FRANKFURT (MNI) – Boosting the firepower of the European bailout
fund would help to calm markets further, EFSF head Klaus Regling told
Germany’s weekly magazine Focus over the weekend.
“The majority of market players do not believe the crisis is over
and expect further sovereign ratings downgrades this year,” Regling
said. “More money would indeed further calm markets. Whether this is
right or wrong, it is a fact.”
The recent debt market stabilization may make boosting the fund
more difficult, Regling conceded. But he stressed that “it is important
to accept that markets have a different view of things.”
–Frankfurt bureau tel.: +49-69-720 142 Email: jtreeck@marketnews.com
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