Tarnished EFSF faces chastening return for €3bn

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Tarnished EFSF faces chastening return for €3bn

The Euromarket’s faded star faces a challenging return to funding next week. After a striking deterioration in its spreads since June, the European Financial Stability Facility (EFSF) will be seeking to finance a €3bn loan to Ireland — having lost no time in sending out RFPs on Thursday after Slovakia became the final eurozone member to approve its expansion.

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