There was also a decision for enhanced flexibility in the use of the EFSF, including intervention in the secondary markets, if warranted by exceptional financial market circumstances and risks to financial stability. The approach to private sector involvement in the euro area was also clarified.
2  BIS Review 1/2009  -  Serbia has many institutions that ought to intensify their activities in the period ahead: SMECA, AOFI, Development Fund and various other guarantee funds providing start-up credits as well as loans for small and medium-sized enterprises. We have the framework set up, but much needs to be done in terms of effort, people and money!