efsf

As a bank, the European financial stability facility would be able to access ECB liquidity in a refinancing crisis.

作为一家银行，欧洲金融稳定安排（EFSF）能够在一场再融资危机中使用欧洲央行的流动性。

It would also have been a good idea to fold the EFSF into the new mechanism right from the beginning, rather than letting them coexist.

此外，一开始就把EFSF整合进新机制、而不是让它们共存也是一个不错的主意。

EU finance ministers last week were unable to agree on how, or by how much, to increase the EFSF's resources.

上周，欧盟财长们未能就如何或提高多少EFSF财力达成一致。

In any case, Mrs Merkel has made it clear that she has no intention of linking the EFSF to a vote of confidence.

不管怎么样，默克尔很清楚地指出她不会把这次EFSF投票和执政信任投票联系起来。

Germany wants the market to help fund the bailout with the EFSF acting as a backstop to any further bank runs.

德国则希望市场能够提供帮助，而仅仅只是把EFSF作为一旦出现银行挤兑时的后备力量。

After the last summit the financial markets' enthusiasm over the ludicrous idea of a leveraged EFSF evaporated after less than 48 hours.

上一轮峰会结束之后不到48小时，金融市场对杠杆化EFSF这一荒谬设想的热情就消失得无影无踪。

In July leaders agreed to let the main bail-out fund, known as the EFSF, recapitalise banks and buy bonds.

在七月领导人同意让主要纾困资金，称为欧洲金融稳定基金，EFSF，包括购买银行和债券。

They would have to reorient their thinking if the EFSF were to be used to guarantee the banking system.

如果要用EFSF为银行体系提供担保，他们必须转变思路。

The new EFSF rules will only make sense if the rescue mechanisms are allowed to develop into a European debt agency.

只有允许EFSF这个纾困机制发展成为一个欧洲债务机构，EFSF的新规则才有意义。

"Neither the ECB nor the EFSF (European financial stabilization facility) would buy any more bonds in the market, " he said.

“欧洲银行和欧洲金融稳定安排（EFSF）都不会再从市场上购买国债”。

Private banking sources said the new bonds could be guaranteed by the euro zone's rescue fund (EFSF) or the European Investment Bank.

民间银行消息人士表示，新债可能是以欧元区的纾困基金（EFSF）或欧洲投资银行来提供担保。

In fact, if it's a reallocation away from the peripheral bond markets to the EFSF bonds, then it could prove to be euro negative.

法国巴黎银行汇市策略师MaryNicola表示，“实际上，如果是从外围公债市场转投EFSF债券，则可能对欧元不利。”

Chinese officials can be expected to ask smart questions about the souped-up bail-out fund, the European financial stability facility.

预计中国官员将就火力已得到加强的纾困基金——欧洲金融稳定安排（EFSF）——提出尖锐的问题。

Even a fully operational, leveraged EFSF would not be in a position to give a "whatever it takes" bond purchasing guarantee.

即便欧洲金融稳定安排具有充分的可操作性、且杠杆化程度足够高，也难以“不惜一切代价”为债券购买提供担保。

The EFSF and its successor, the European Stability Mechanism, have been set up to handle small countries.

EFSF及后续的欧洲稳定机制（ESM），是为解决小国的危机而建立的。

But once they make such a declaration, there should be no obstacle to endowing the EFSF with a banking licence.

但一旦他们发布了这样的声明，为EFSF发放银行许可将不存在障碍。

Regling, chief executive of the EFSF, said the fund could sell bonds in yuan in future if Beijing so desired.

欧洲稳定基金会首席执行官，雷格林表示，如果将来北京方面有意愿的话，基金会会考虑以人民币为货币单位出售债券。

Technically, the EFSF monoline insurer would provide a first-loss tranche insurance for government bonds up to an agreed percentage.

从技术角度讲，EFSF作为单一险种保险人，能够在协议比例的范围内，为政府债券提供一种最初亏损额度保险。

In a test vote of CDU and CSU deputies yesterday, 11 opposed expanding the EFSF and two abstained (another dissident did not show up).

在昨天CDU和CSU的代表模拟投票中，有11人反对扩展EFSF，两人弃权（还有一位反对者没有出席）。

The facility's resources would be magnified, private investors would be drawn in and the price of bonds would still be set by the market.

欧洲金融稳定机构（EFSF）的资源将扩大，私人投资者将被引诱进行投资，而且债券价格仍然由市场决定。