ECB's Draghi: Euro leaders must speed bailout fund

FRANKFURT (MarketWatch)
European Central Bank President Mario Draghi pressured European leaders Friday to move more quickly to implement changes to the European Financial Stability Facility, the euro-zone bailout fund.
Speaking at a banking forum, Draghi noted it had been more than a year-and-a-half since leaders agreed to launch the EFSF.
Since then, euro leaders agreed in July to boost the lending capacity of the fund and in October agreed to leverage its firepower to around 1 trillion euros ($1.35 billion).
 "Where is the implementation of these long-standing decisions?" Draghi asked.
The EFSF is envisioned taking over the controversial bond-buying role adopted by the ECB last year.