Everything you ever wanted to know about the EFSF/ESM

While waiting for the changes the European rescue fund needs to introduce in order to recapitalise the banking sector directly, especially the Spanish one, JP Morgan’s global equity department has made an interesting answer-question list with the main doubts that everybody could have concerning this instrument. The starting point could be the role of the European Financial Stability Facility /European Stability Mechanism until the last European Summit. Up to that…