EFSF
Economy
Japan Willing to Financially Aid Greece
Japan is willing to purchase more bonds from the EFSF in order to share the burden of the Greek debt, said Finance Minister Jun Azumi.
During a Press Conference in Tokyo, the Japan Minister said that if the Eurozone establishes...
Economy
Papandreou: Greece Will Deliver On All Its Pledges
Prime Minister George Papandreou said he can "guarantee" that Greece will deliver on all the austerity pledges made for its first EUR110 billion rescue program, and reaffirmed that the country will reach[...]
Economy
EU: Expanding EFSF Won΄t Allow Greek Debt Restructuring
The expansion of the euro zone΄s sovereign debt fund won΄t allow a further restructuring of Greek debt, a European Commission spokesman said Monday.
There are mounting concerns that Greece will need a drastic restructuring of its debt, beyond what the...
Economy
CEO of EFSF Warns Standard of Living Will Fall for Greece
According to Reuters, Klaus Regling, CEO of the EFSF (i.e. European Financial Stability Facility) said during a discussion organized by the Social Policy Association that the IMF/EU bailout programme may have bore fruits for Ireland and Portugal in terms...