Ad
Spain and Italy may need help in finding €1.1 trillion to service debt, but the old EFSF has just €250 billion left (Photo: Images Money)

EU looking to new €940bn bail-out fund

The EU's troubled bail-out fund, the European Financial Stability Facility (EFSF), could have its lending capacity more than doubled to €940 billion to reassure markets that Italian and Spanish debt is safe.

EU countries' negotiators are looking at various models on how to increase the size of what is often refrred to as the EU's anti-crisis "bazooka" or "firewall" ahead of the summit on Thursday (8 December), financial newswires report.

One option is to let the existing €440 bi...

Get EU news that matters

Back our independent journalism by becoming a supporting member

Already a member? Login here

Author Bio

Andrew Rettman is EUobserver's foreign editor, writing about foreign and security issues since 2005. He is Polish, but grew up in the UK, and lives in Brussels. He has also written for The Guardian, The Times of London, and Intelligence Online.

Spain and Italy may need help in finding €1.1 trillion to service debt, but the old EFSF has just €250 billion left (Photo: Images Money)

Tags

Author Bio

Andrew Rettman is EUobserver's foreign editor, writing about foreign and security issues since 2005. He is Polish, but grew up in the UK, and lives in Brussels. He has also written for The Guardian, The Times of London, and Intelligence Online.

Ad

Related articles

Ad
Ad