EFSF’s Regling Plans to Offer Investors 30% Guarantee, Bild Says
Klaus Regling, who heads the European Financial Stability Facility, plans to offer potential investors in the fund a guarantee of as much as 30 percent on their investment, rather than the 20 percent currently offered, Bild- Zeitung reported.
The current insurance rate isn’t enough given the risk involved, the newspaper said, citing comments made by Regling to policymakers of the German Christian Social Union at Wildbad Kreuth in Bavaria last week. The CSU belongs to Chancellor Angela Merkel’s ruling coalition.
Separately, the German government is considering an earlier start of the planned European Stability Mechanism program, Bild cited unidentified people in the government as saying. European states may add the scheduled 80 billion euros ($102 billion) to the pool in one move rather than in installments or raise the amount to 100 billion euros, Bild said.
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