FRANKFURT (MNI) – Whether the European Financial Stability Facility
will need yet more financing to meet the challenges facing it will
doubtless become a topic of discussion down the road, the Handelsblatt
on Monday reported an unnamed Eurogroup source as having said.
The financial daily said that the source from the group of Eurozone
finance ministers had affirmed that providing the EFSF with more funds
“will definitely become a topic.”
Heads of state and government already briefly discussed such a move
at their summit on July 21, the paper noted.
However, Handelsblatt reported reluctance on the part of the German
government to address the issue, with an unidentified senior official
quoted as saying that “every word about an additional increase [in EFSF
funding] immediately causes concern.”
Referring to the so-called troika’s plans to assess again in
mid-August Greece’s progress in implementing its adjustment program, a
ranking official of the Eurogroup cautioned that “if they are not on
schedule there, then the entire drama will start from the beginning,”
the paper wrote.
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