EFSF faces markets with €1.5bn debt auction

Europe's bailout fund will attempt to auction off €1.5bn in short-term debt later today.

EFSF faces markets with €1.5bn debt auction
Tue, 17 Jan, 2012 - 09:06

Europe's bailout fund will attempt to auction off €1.5bn in short-term debt later today.

It comes after the ratings agency Standard and Poor's last night downgraded the EU bailout fund, the European Financial Stability Facility, from AAA to double AA+.

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