EFSF is the European Financial Stability Facility

  • Does not expect potential EFSF bond issuance to crowd out other sovereign issuance
  • Asked about widening peripheral euro zone spreads, says normal that markets fluctuate
  • No plans for a mock issue b y the euro zone’s emergency loan facility
  • Total amount of money to be raised by EFSF not possible to specify, depends on country in need, other factors
  • Total amount to be raised by EFSF would be less than the 440 bln euro total guarantees
  • Confident investor interest in EFSF bonds would be huge, were it to issue debt