HomeNewsBusinessMarketsBigger EU bailout fund may not ease debt woes: Julius Baer

Bigger EU bailout fund may not ease debt woes: Julius Baer

Mark Matthews of Julius Baer expects the Germany to vote in favour of increasing size of the European Financial Stability Facility (EFSF). However, he warns that even if EFSF expands, debt issue will be an overhang.

September 29, 2011 / 16:36 IST
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All eyes are on German politicians, who are going to vote today on whether to increase a fund to aid Greece, and perhaps Europe, which can help resolve the debt crisis. Mark Matthews of Julius Baer expects the Germany to vote in favour of increasing size of the European Financial Stability Facility (EFSF). However, he warns that even if EFSF expands, debt issue will be an overhang.

first published: Sep 29, 2011 12:05 pm

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