Peter Tchir is curious as to how the EFSF is going to lend to the rescued EU states at 3.5% for...

|By:, SA News Editor

Peter Tchir is curious as to how the EFSF is going to lend to the rescued EU states at 3.5% for 15 years when it's likely the funding costs will be greater than that. As comparison, AAA France pays 3.8% on its 15 year paper. "The headlines sound great, but can they be executed."