International Monetary Fund and the strengthening of the EFSF

16.11.2011

Question for written answer E-010962/2011
to the Commission
Rule 117
Monika Flašíková Beňová (S&D)

At the recent G20 summit, those countries present reached an agreement on IMF participation in strengthening the European Financial Stability Facility. However, the precise form that this participation will take has yet to be defined. The countries have agreed on three possible options. The first option would entail the IMF creating special drawing rights to be allocated to those governments coming under pressure from the markets. The second option would entail the creation of an IMF‑administered trust fund, which would be funded by contributions from Member States. This fund would then be able to provide assistance to governments in difficulty, and not only to the governments of eurozone countries. Lastly, the third option would entail the EUR 203.5 billion made available to the IMF as a temporary financial support measure not being returned to governments next year.

What is the Commission's opinion on the options for International Monetary Fund participation in strengthening the EFSF?

OJ C 180 E, 21/06/2012