FRANKFURT (MNI) – There is no need to implement hastily any changes
to the European Financial Stability Fund (EFSF), EFSF head Klaus Regling
said in an newspaper interview released Friday.
Regling told German daily Bild that all Eurozone countries still
have the ability to turn to capital markets and observed that Ireland,
the only country to seek aid from the EFSF so far, has required less
than 10% of the fund’s volume.
“There is no time pressure to rush changes to the euro rescue
fund,” he said. “Of the total volume of the EFSF for the support of
troubled euro countries, not even 10% has been committed in the case of
Ireland, which is the only country so far that has applied for temporary
liquidity assistance.”
The current discussions among European leaders about fortifying the
rescue fund have no effect on it’s first bond issuance at the end of
this month, he said, observing that the EFSF is rated AAA by major
rating agencies.
“The bonds are thus a particularly safe investment,” he said. “The
interest of foreign investors in our bonds is very high.”
–Frankfurt bureau tel.: +49-69-720142. Email: dbarwick@marketnews.com
[TOPICS: M$X$$$,M$$CR$,MT$$$$,MGX$$$]
