Euro zone crisis funds should suffice: EFSF's Regling
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Euro zone crisis funds should suffice: EFSF's Regling

www.reuters.com   | 07.05.2012.

BERLIN (Reuters) - A 750 billion euro ($976 billion) firewall built to fight the euro zone debt crisis should be sufficient, the head of the euro zone's temporary rescue fund Klaus Regling said on Monday.
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"When I look at the countries that are often discussed, we know exactly how big their financing needs are," Regling said, adding they were below 750 billion euros for the next two years.

"I don't share this pessimism that it all won't suffice," he added.

Regling was speaking at a public hearing of Germany's parliamentary budget committee on the fiscal compact and the euro zone's permanent rescue fund, the European Stability Mechanism (ESM).

(Reporting by Gernot Heller, writing by Annika Breidthardt)


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