Eurozone peripherals pave way for ‘most important’ EFSF deal

Clarity on the possible expansion of the mandate or size of Europe’s bailout vehicle, the European Financial Stability Facility, would guarantee success for its inaugural bond deal next week, bankers said. The Eu3bn-Eu5bn deal is already expected to be a blowout, but the removal of doubt over the EFSF’s future role would still be welcomed.