It's not the EFSF, stupid

November 30, 2011 12:00 AM

SSA originators are getting fed up with what they see as a pointless obsession with the European Financial Stability Facility among eurozone policymakers. Politicians saw this week's agreement on enhancements to the EFSF as an important development; bankers did not. The prospect of the IMF riding to the rescue was also roundly rubbished.

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