EFSF's Frankel: guarantees are "enough for the time being"

Tweet
Facebook
LinkedIn
Save this article
Send to
Print this page

The eurozone moved closer to creating a permanent lender of last resort for eurozone states last night, when the Council of the European Union agreed to add two sentences to the Treaty of Lisbon. The addition states that eurozone countries may activate the European Stability Mechanism (ESM) - to be based on the current European Financial Stabilisation Facility (EFSF) - if "indispensable to safeguard the stability of the euro area as a whole".

In remarks to the press, the council's president,

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to print this content. Please contact [email protected] to find out more.

You are currently unable to copy this content. Please contact [email protected] to find out more.

You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email [email protected]

You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email [email protected]