France's Lagarde confirms discussions on EU bond buy back

28th January 2011, Comments 0 comments

France's Finance Minister Christine Lagarde confirmed Friday that European leaders are discussing the possibility of the European Financial Stability Facility buying back national bonds.

"We are discussing it at the moment, I don't think there is yet general consensus because it's again work in progress," said Lagarde during a press briefing on the sidelines of the World Economic Forum in Davos.

"But it's clearly one avenue for the EFSF to actually get involved in markets," she said, referring to facility established last June to help heavily-indebted eurozone members.

© 2011 AFP

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