Germany Wants ECB To Return €35 Billion To EFSF

First Published Wednesday, 16th May 2012 01:56 am - © 2012 Dow Jones


Germany is demanding that the European Central Bank return EUR35 billion ($44.6 billion) to the European Financial Stability Facility, German daily Financial Times Deutschland reported Wednesday, without citing its sources.

The EFSF had extended the EUR35 billion as a risk guarantee during the recent exchange of Greece's government debt, the newspaper said. Germany contends the operation went as planned, the newspaper said.

Newspaper website: http://www.ftd.de

-Dow Jones Newswires; dennis.baker@dowjones.com

  • Copyright © Automated Trader Ltd 2013 - The Gateway to Algorithmic and Automated Trading

click here to return to the top of the page