The EFSF announces the creation of another acronym with the launching of the European Sovereign...

|By:, SA News Editor

The EFSF announces the creation of another acronym with the launching of the European Sovereign Bond Protection Facility (ESBPF). The program will issue certificates - able to be traded on their own - protecting the first 20-30% of new debt issues of EU nations in the hope this will increase investor demand and lower funding costs.