Wellink wants European Financial Stability Facility funds doubled


European Central Bank Governing Council member Nout Wellink has said he wants the European Financial Stability Facility (EFSF) rescue package doubled.

Wellink, who is president of the Nederlandsche Bank until the end of this month, said he wanted to see the fund rise from €750 billion ($1.06 trillion) to €1.5 trillion.

The Luxembourg-based EFSF was created by the euro area member states in 2010. As part of its overall rescue package of €750 billion, the facility is currently able to issue bonds

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account