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Emerging Markets

EFSF bolts on stabilisers to smooth rough ride

The European Financial Stability Facility by its very nature is a borrower with a tough task. If markets were calm and easy to access there would be no need for the institution in the first place. But, as Ralph Sinclair discovers, the European bail-out supranational is still vying to convince investors it is as safe a bet as any in the SSA market.

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