Mediafax (Mediafax)
Markets  |  July 25, 2012 00:40:05

Moody's outlook cut to negative EFSF


WASHINGTON (MEDIAFAX) - Moody's downgraded outlook on Tuesday, the European Financial Stability Fund (EFSF) from "stable" to "negative". Inform the AFP on Wednesday.

Moody's announced that its current decision follows Monday's reduction of term of Germany, the Netherlands and Luxembourg.

EFSF to help the weak eurozone countries to cope with the continuing debt crisis.

Euro area countries are currently understood to ratify a proposal for a European stabilization mechanism (ESM), which will operate in parallel with the EFSF.

Matthew Svitak, Svitak@mediafax.cz

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Moody's snížila výhled EFSF na negativní

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