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Klaus Regling explains the EU’s stability fund

Klaus Regling, chief executive of the European Financial Stability Facility, said last week the fund hadn’t received any requests for financial aid, but funds could be made available within a month if needed.

Speaking in an interview with Nina Koeppen of Dow Jones Newswires, Regling, the 59-year-old German, who has worked as an economist and hedge fund manager and was appointed on July 1 to the post of chief executive of the EFSF, said he is confident that the fund in August will receive a AAA credit rating.

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