“Before the end of the year” the European bailout fund will auction new short-term bonds (at 3, 6 and 12 months). This was communicated by the director of the EFSF, the German Klaus Regling, explaining that in this way they intend to exploit all the funding potential.
The institution then recalls that it has obtained the highest ratings from the major agencies. But just yesterday the American Standard & Poor's placed the EFSF's triple A rating (A-1+ on short maturities) under review for a possible downgrade.
