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Regling Confident EFSF Can Be Leveraged Fourfold, Spokesman Says

Klaus Regling, the head of the euro-area bailout facility, is confident that the fund’s reach can be increased as much as fourfold even after it was downgraded by Standard & Poor’s, his spokesman said.

Regling, who heads the 440 billion-euro ($567 billion) European Financial Stability Facility, “still expects that the EFSF’s funds can be leveraged between three and four times,” Christof Roche said today by phone from Luxembourg, where the EFSF is based. Options to leverage the fund will be in place “soon.”