style="border: medium none; overflow: hidden; color: #000000; background-color: transparent; text-align: left; text-decoration: none;">Not too long ago, the European financial stability facility was greeted as a “shock and awe” strategy to end the eurozone bond crisis. Today, it is considered too small. The European Commission and some member states want to raise its lending capacity. They also want to change its operational rules. At present, the EFSF can give credits only to sovereign governments. It cannot lend to the private sector, it cannot purchase government bonds in the secondary market and the interest rates it charges are too high.