CIAO DATE: 10/2011
October 2011
• Greece is not unique. Investors are finding it hard to judge
which countries are "safe" or price for that risk.
• The EFSF is too small to buy the debt of larger states on the
scale needed to stabilise markets.
• The EFSF cannot be scaled up in its current form without
threatening the AAA ratings of the creditor countries .
Resource link: Europe's debt crisis: Where and when will it end? [PDF] - 458K