- Evidence of contagion in Eurozone, despite measures to contain crisis
- Contagion may be more severe than currently thought
- Most effecient use of EFSF is in primary debt markets, for example Italy and Spain
- Less efficient use for EFSF would be in secondary markets or bank recapitalisation
- Crucial that EFSF provides support to bond issuance, for example in Italy and Spain
Yes we all know , but why say it…. how about doing something about it?..