HAMBURG, Germany (MNI) – The European Financial Stability Facility
would be big enough for everyone, Klaus Regling, the fund’s CEO, assured
in a newspaper interview published Thursday.
The former German finance ministry official also emphasized in an
interview with Germany’s Bild Zeitung that the collapse of the euro
would be “inconceivable” and that giving up the euro would be “economic
suicide for weaker countries as well as for the stronger countries.”
Regling underlined that thus far only Ireland has asked for help
from the EFSF, but he conceded that borrowing costs are rising on the
Eurozone’s periphery. “The problems are different in every case…but
the rescue umbrella would be big enough for all,” he assured.
He also said he did not see Italy or France in danger.
[TOPICS: MT$$$$,M$$FX$,M$$EC$,M$X$$$,M$$CR$,MGX$$$]
