- EFSF instruments must prevent contagion
- No banking license for EFSF
- EFSF guarantees must not exceed EUR 211 bln
That last bullet seems a bit light. Sounds like they are saying no leverage at all, but I could be mistaken.
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Bloomberg: German budget committee says no ECB backing for EFSF
Bloomberg: German budget committee says no ECB backing for EFSF
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