The abysmal performance of EFSF bonds suggests to Michael Riddell that the market is losing...

|By:, SA News Editor

The abysmal performance of EFSF bonds suggests to Michael Riddell that the market is losing confidence in the mechanism at the same time a massive expansion of the fund is being considered. "Not a good combination," he says, and it suggests the ECB may end up being the only end buyer of the paper - that should please the Germans.