ECB 'sidelined' in sovereign crisis debate, says analyst
Eurogroup lays out plans to provide bail-out fund with greater flexibility to address sovereign risks; analyst says message sends signal European Central Bank is being “sidelined” in discussion
The European Central Bank (ECB) might have been sidelined in discussions to tackle sovereign debt issues in Europe, after the Eurogroup said it would provide the European Financial Stability Facility (EFSF), Europe's temporary bail-out vehicle, with greater "flexibility and scope" to address contagion risks, an analyst has said.
In a statement released on Monday, the Eurogroup said it planned to
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