The Eurogroup hits the tape saying it will do "whatever it takes" to overcome the crisis, and is...

|By:, SA News Editor

The Eurogroup hits the tape saying it will do "whatever it takes" to overcome the crisis, and is exploring options to maintain the EFSF's AAA rating. France and Austria together account for 23% of the rescue fund's backing. Add in the PIIGS, and a majority of the EFSF's capital comes from non-AAA countries - it's unclear how a AAA can be maintained.