Wall Street Journal
December 21, 2010
The European Union and the euro zone will launch their first bonds to fund the bailout of Ireland in January, according to a statement.
The EU will issue a bond at the beginning of the month through its emergency lending facility, the €60 billion ($78.8 billion) European Financial Stability Mechanism. The euro-zone bailout fund, the European Financial Stability Facility, will follow in late January, the EFSF and the European Commission said in a joint statement.