Eurozone crisis fund expects top rating

Report of a FT interview with Klaus Regling, Chief Executive of the newly established European Financial Stability Facility, July 2010.

He said that the eurozone’s new €440bn sovereign rescue fund would be operational by the end of July 2010 and expects to be awarded a coveted triple A credit rating in August 2010.

Eurozone governments agreed to set up the fund in May 2010 as the centrepiece of a €750bn 'shock and awe' package to calm markets’ concern about the mounting debts of several states including Portugal and Spain after the Greek debt crisis.

ESO: Background information: Eurozone rescue fund aims for top rating http://www.europeansources.info/record/eurozone-rescue-fund-aims-for-top-rating/

Website: The European Financial Stability Facility (EFSF) http://www.efsf.europa.eu/

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