Officials vow to launch bulked-up EFSF in December

11/7/2011 | Bloomberg · Wall Street Journal, The

Euro-zone finance ministers pledged to launch a beefed-up European Financial Stability Facility next month, meaning Greece and Italy have several more weeks on the front lines in the battle against the sovereign-debt crisis. Officials told Greece to provide written acceptance of rescue terms, while Italy was told to implement its austerity promises. "It's a two-way street; we do our part, Greece is expected to do its part," said EU Economic and Monetary Commissioner Olli Rehn. "It is essential that the entire political class now restores the confidence that had been lost."

View Full Article in:

Bloomberg · Wall Street Journal, The

Published in Brief: