Thursday, July 21, 2011

DRAFT EU SUMMIT CONCLUSIONS SEE EXTENSION OF EFSF LOANS FROM 7.5 YEARS TO AT LEAST 15 YEARS
SEE RATE OF AROUND 3.5 PERCENT ON NEW EFSF LOANS FOR GREECE
EFSF WILL BE ABLE TO INTERVENE ON A PRECAUTIONARY BASIS
EFSF WILL BE ABLE TO RECAPITALISE FINANCIAL INSTITUTIONS THROUGH LOANS TO GOVERNMENTS, INCLUDING NON-PROGRAMME COUNTRIES
EFSF WILL BE ABLE TO INTERVENE IN THE SECONDARY MARKETS, DEPENDING ON ECB INPUT
CALL FOR "MARSHALL PLAN" OF INVESTMENT, GROWTH STIMULATION FOR GREEK ECONOMY

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