European Financial Stability Facility

ESM may not be operational until next year: Lloyds Bank

European Stability Mechanism (ESM), which is Europe‘s permanent rescue facility, is expected to come into force on October 8. Trevor Williams, Lloyds Bank says it probably is not going to start until next year.

Greece is most difficult nation in euro-zone: EFSF

Greece is the most difficult member-state among the euro-zone nations, which has a different set of problems in comparison to other debt-ridden states, European Financial Stability Facility (EFSF) Chief Executive Klaus Regling has said.

See more short term policy action from EU summit: Unicredit

According to Marco Valli, the chief eurozone economist at Unicredit, the market should not hold high hopes for any steps towards fiscal or banking integration from the upcoming European Union summit.

EU may avoid private creditor issue in Spain rescue

The euro zone's temporary EFSF (European Financial Stability Facility) bailout fund, rather than its permanent ESM (European Stability Mechanism) facility, could fund Spanish bank recapitalisation to avoid investor concern over the ESM's preferred creditor status, a senior euro zone official said on Monday.

Eurozone agrees to make 5.2 bn euro payment to Greece

Eurozone governments kept Greece afloat on Wednesday after agreeing to authorise a payment of 5.2 billion euros from the region's bailout fund, despite opposition from some member states following the Greek election results.

EU leaders agree on permanent bailout fund

EU leaders reached agreement at a summit on Monday on the introduction of a permanent euro zone bailout mechanism from July 2012, with a treaty governing the fund to be signed at a later date.

S&P downgrades euro zone rescue fund, Greece pressured

US rating agency Standard & Poor's cut its credit rating of the euro zone's EFSF rescue fund on Monday, and Greece was under pressure to break a deadlock in debt swap talks if it is to avoid an unruly default.

Euro rescue fund will have to be modified: S&P

The credit ratings downgrade by Standard and Poor`s of nine euro zone countries, including France and Italy, will likely lead to changes to the European Financial Stability Facility (EFSF), the Chairman of the sovereign debt committee at Standard and Poor`s told CNBC on Monday.

France downgrade would hit all of Europe: Analysts

French leaders came out fighting this week against rumors that their country's coveted AAA credit rating was under threat, but the reverberations of a French downgrade would be felt around Europe, analysts told CNBC.

EFSF leverage to be next big thing for mkts: BGC Partners

Louise Cooper of BGC Partners in an interview to CNBC-TV18 said that this week has been exhausting for the markets. However, the weekend is still full of news. "We have got an election in Spain on Sunday which is likely to bring in a new left socialist government," she said.

Ambit Capital's shopping list post Q2 results

India Inc has delivered a fairly mixed set of second quarter results, but Saurabh Mukherjea, head of equities at Ambit Capital believes the numbers were much better than what was anticipated.

Europe bailout fund chief says yuan bonds a possibility

The head of Europe's rescue fund said the facility could provide investors some protection against initial losses and that it may issue bonds in yuan depending on whether Beijing wants it.

Global markets week ahead: Another week, another summit

It would be nice to think that with the euro zone having come up with a plan to tackle its debt crisis, investors could focus in the coming week on more than another meeting of global leaders.

Euro bailout fund head: No quick China deal

The head of Europe's 440 billion euro bailout fund played down hopes of a quick deal with China to throw its support behind efforts to resolve the bloc's debt crisis but said he expects Beijing to continue to buy bonds issued by the fund.

Asian shares dip on concern before EU summit

Asian shares declined on Wednesday ahead of a key meeting of European policymakers later in the session, with concerns heightening that the outcome could fall short of expectations for measures to contain Europe's sovereign debt crisis.

IMF considering participation in EU bailout fund

The International Monetary Fund (IMF) is considering taking part in a special investment vehicle being proposed by the euro zone bailout fund but has not made a decision yet.

EU waits for Italy reforms on eve of crucial summit

Italy's divided government kept Europe waiting on Tuesday for long delayed economic reforms that are central to efforts to confront the euro zone's worsening debt crisis.

EU may combine insurance, SPIV to boost euro fund

According to an EU paper for the mid-week summit obtained by Reuters, the euro zone should combine two proposals for increasing the firepower of its rescue fund.

Market may see a relief rally soon, says Finaport

Hans Goetti, chief investment officer (Asia) at Finaport Group expects some outcome on Wednesday, but the solution seems unknown. Moreover, he indicated that the markets might trade on fundamental at some point and the US and Europe economy might go into recession, which will put downwards pressure on the earnings estimate.

Nifty in downtrend, but don't see major fall now: Experts

Although experts feel that the Nifty is in a downtrend, but they don’t see a major correction in the near-term.

2012 to be a difficult year for markets, warns BofA ML

US growth expectations seemed to have stabilised, says Gary Baker, head of European equities strategy at BofA Merrill Lynch. However, he feels that Europe has chances of more material development. Baker indicated that 2012 will be a difficult year for markets in terms of growth.

Merkel says France, Germany ready to recapitalise banks

Angela Merkel and Nicolas Sarkozy, racing to stamp out the euro debt crisis threatening to engulf the financial system, gave themselves three weeks to devise a plan to recapitalize banks, get Greece on the right track and fix Europe’s economic governance.