
Managers unconvinced by EU bail-out bond

The EU is facing criticism from asset managers over its plans to raise its part of the €750bn (US$922bn) rescue package for embattled eurozone nations.
Managers claim the EU's proposal to issue bonds through the use of a special purpose vehicle known as the European Financial Stability Facility (EFSF) is ill-considered and too risky. As part of the...
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