Euro leaders to ensure "adequate" EFSF funds-draft

BRUSSELS, Dec 16 (BestGrowthStock) – Euro zone leaders will declare
their readiness to ensure adequate funds are available for the
euro zone rescue fund, the European Financial Stability Facility
(EFSF), a draft statement showed on Thursday.

The draft statement to be issued at an EU summit said euro
zone leaders and EU institutions would do “whatever is required
to ensure the stability of the euro area as a whole”.

The draft said euro zone leaders would therefore pursue a
strategy which entailed: “Ensuring the availability of adequate
financial support through the EFSF pending the entry into force
of the permanent mechanism: we note that only a very limited
amount has been drawn from the EFSF to support the Irish
programme. We stand ready to do whatever is required to ensure
the stability of the euro area.”

(Reporting by Luke Baker, writing by Jan Strupczewski,
editing by Timothy Heritage)

Euro leaders to ensure "adequate" EFSF funds-draft