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Greece: if austerity doesn't work... Try more austerity! | 287 comments (287 topical, editorial, 0 hidden)
Re: Now it's French banks (none / 0)
Oh. So that's where 2013 comes from:

EFSF FRAMEWORK AGREEMENT (pdf):

11. TERM AND LIQUIDATION OF EFSF

...

(2) The euro-area Member States undertake that they shall liquidate EFSF in accordance with its Articles of Association on the earliest date after 30 June 2013 on which there are no longer Loans outstanding to a euro-area Member State and all Funding Instruments issued by EFSF and any reimbursement amounts due to Guarantors have been repaid in full.



*Lunatic*, n.
One whose delusions are out of fashion.
by DoDo on Thu Jun 16th, 2011 at 06:17:26 AM EST
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Greece: if austerity doesn't work... Try more austerity! | 287 comments (287 topical, 0 editorial, 0 hidden)
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