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Sustainable debt needed to qualify for EFSF secondary bond mkt buying
A euro zone country would have to have a sustainable debt and external position to qualify for EFSF support in the secondary bond market, guidelines for the bailout fund obtained by Reuters showed on Thursday. The European Financial Stability Facility (EFSF) will be able to buy bonds on the secondary market using its full remaining lending capacity once a request from a country is approved by the ECB and euro zone finance ministry officials, the guidelines show. The document said only countries which respected their deficit-cutting commitments under the EU budget rules, the Stability and Growth Pact, would be ... (full story)
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