Thursday, February 2, 2012


I discussed in class that the European Financial Stability Facility (EFSF) might be downgraded.

The EFSF was downgraded, to the same level as France, on January 16, and I missed it.

This was the Monday after the big announcement of 9 downgrades on the previous Friday. My guess is that they split the news into two parts so as not to roil markets too much,

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