European Financial Stability Facility (EFSF)- two words come to mind….

No, not “financial stability” or even “bail out”….but “Loan Guarantee”, I think sums it up nicely and takes the confusion out of all the Euro acronyms being thrown around these days. I highly recommend the podcast below for a good primer…

 

NPR: the-tuesday-podcast-to-solve-debt-problem-europe-borrows-more-money

 

Cheers.

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