Enhanced EFSF Open to Exploitation, Issing Tells Handelsblatt

European leaders’ efforts to enhance the firepower of the single currency area’s bailout fund underestimate the risk of the exploitation of its resources, the European Central Bank’s former chief economist Otmar Issing said in a guest column in Handelsblatt.

“The danger that a huge pool of financial resources will be interpreted as an invitation for use isn’t at all mentioned” in discussions, he is cited as saying.

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