EU:s Räddningspaketet kollapsar om Frankrike förlorar AAA

Wolfgang Münchau har hittat en regel som säger att "EFSF will not be able to lend on all of the €1bn, but only the portion backed by the collateral of those countries that themselves have a triple A rating".

Hans slutsats är - The European Financial Stability Facility would collapse if France was downgraded /from AAA/.

- This is a non-zero probability event, to put it mildly, skrev han i Financial Times  September 26 2010.

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