Eurogroup chair praises EFSF
Eurogroup chairman Jean-Claude Juncker said establishment of the Eurozone’s emergency loan mechanism, the European Financial Stability Facility (EFSF), calmed markets and said that he was against changing Eurozone rules in a way to allow exclusion of euro members. Juncker welcomed the EFSF mechanism, saying that “since establishment of the mechanism conditions truly calmed down and the markets again behave rationally”.