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The EFSF can now buy sovereign debt, but only at auctions, not in the secondary market. Further,...

  • Monday, March 14, 2011, 4:24 PM ET
    The EFSF can now buy sovereign debt, but only at auctions, not in the secondary market. Further, it can only buy the paper of nations that have accepted a bailout, leaving Portugal, the country most in need of help, without any. Only one thing is assured: nothing was solved last weekend.
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This news story has 3 comments:

  •  
    They must be trying to speed up the bailout process. Portugal and Spain take notice. Wonder if the rules change if France gets close.
    14 Mar 2011, 04:29 PM Reply Like
  •  
    Never ever underestimate Eurozone.
    14 Mar 2011, 04:38 PM Reply Like
  •  
    Do you mind explaining what you mean Foxx99? Did something great happen that the media isn't sharing with us? Were Portugal and Spain able to pay their debt off over the weekend? I missed that. I wish the entire Eurozone the very best and hope you've discovered something that nobody else seems to know about. Do you have a link? If not, it's pretty hard to be very positive on the Eurozone at the moment.
    14 Mar 2011, 04:48 PM Reply Like
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