Tuesday, December 21, 2010

Calendar Is Set for EU Bailout-Fund Bonds

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.


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