Fitch: Raising lending ceiling is a positive move

Ratings agency Fitch has said that the decision to raise the lending ceiling of the European Stability Mechanism and the European Financial Stability Facility is positive for vulnerable Eurozone countries.

3rd April, 2012
Fitch: Raising lending ceiling is a positive move
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Ratings agency Fitch has said that the decision to raise the combined lending ceiling of the European Stability Mechanism and the European Financial Stability

Facility is positive for vulnerable Eurozone countries.

Fitch said that increasing the size of the Eurozone's firewall is a necessary step to prevent potential contagion and thereby to reduce the risk of self-fulfilling liquidity crises.

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