- Bailout fund will implement short-term funding strategy, structured around a bill programme
- Internal preparations already started for permanent ESM, timing is a political decision
EUR/USD touch firmer on the comments, presently at 1.3802.
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EFSF CEO Frankel: Amounts required from EFSF for bank recapitalisations may be reasonably limited
EFSF CEO Frankel: Amounts required from EFSF for bank recapitalisations may be reasonably limited
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