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ESM chief Regling is unable to understand the downgrade of the rescue fund by Moody's on Friday....
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Monday, December 3, 2012, 3:45 PM ETESM chief Regling is unable to understand the downgrade of the rescue fund by Moody's on Friday. He says the agency did not sufficiently take into account the ESM's robust capital structure ... is that the one where some of the fund's guarantors are also those in need of a bailout? In the meantime, the ESM is set to transfer assets to Spain to assist with the recap of its banking system.
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