The European Financial Stability Fund, designed in May of 2010 to provide aid for Greece, is seeking ways to allow for more flexible borrowing. The fund currently has a 250 billion euro lending capacity but the expansion would increase that capacity to 440 billion euros.
Further expansions to bank recapitalization funds, secondary market trading capabilities, and credit line availability are also being considered. These expansion considerations are expected to provide economic stimulus for the Eurozone; however, the implementation of these expansions is being stalled by the negating effects of a lowered vehicle credit rating.
For additional information on the European Financial Stability Fund please refer to Wikipedia's entry on the European Financial Stability Facility.
Wall Street Journal
The Debate: Seeking Ways to Boost Firepower of Europe's Bailout Fund
