Klaus Regling, Chief Executive, European Financial Stability Facility, Luxembourg has written a letter to the FT, in which he explains the differences between the EFSF and a CDO.
Sist jag själv hade ett Letter to the editor i FT var December 9 2010, med rubriken A step closer to Eurobond-age.
Mer om EFSF på denna blog.
This isn't just a mortgage or housing crisis.
At the center of this still-unfolding disaster is the collateralized debt obligation, or CDO.
Steven Pearlstein, Washington Post, December 10, 2007