31.10.2011 - Sovereign wealth appetite for EFSF
Can sovereign wealth funds play a role in the saving of Europe? The European Financial Stability Facility (EFSF), a Luxembourg incorporated entity, has been in the news headlines in recent months. The EFSF will eventually be worth US$1.5 trillion after European leaders agreed to leverage existing guarantees 5x. Germany, France, and Italy are the three largest contributor countries to the EFSF. Supranational debt exposure is usually deemed less risky, but underlying factors make it look unattractive to some governmental investors...............................................Full Article: Source
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