ECB’s Noyer says larger EFSF ‘unrealistic’

noyer

Christian Noyer, the governor of Banque de France and European Central Bank (ECB) governing council member, on Monday said it would be "unrealistic to expect an increase" in the European Financial Stability Facility (EFSF).

In a speech at the Canon Institute for Global Studies in Tokyo, Japan, Noyer spoke out strongly against swirling rumours of a large injection of cash into the EFSF, which is an emergency bailout fund set up by members of the eurozone.

In a crucial step last week, the German

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