ECB 'sidelined' in sovereign crisis debate, says analyst


The European Central Bank (ECB) might have been sidelined in discussions to tackle sovereign debt issues in Europe, after the Eurogroup said it would provide the European Financial Stability Facility (EFSF), Europe's temporary bail-out vehicle, with greater "flexibility and scope" to address contagion risks, an analyst has said.

In a statement released on Monday, the Eurogroup said it planned to propose "concrete measures" that would strengthen the eurozone's capacity to reduce risks associated

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