Money markets could offer €3bn patch-up for shape-shifting EFSF

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Money markets could offer €3bn patch-up for shape-shifting EFSF

Europe might have stepped back from the brink for the second time in as many weeks, after Greek prime minister George Papandreou abandoned his plan to hold a referendum on his country’s eurozone membership, but Europe’s rescue fund remains locked out of the long term international bond markets.

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