On Tuesday evening European officials finally
agreed on two options how to increase firepower of EFSF bailout package. The
first option implies that bond holders can get limited risk protection of about
20-30% guaranteed by EFSF. The other option denotes the creation of co-investment
funds to allow combining private and public funding in order to purchase bonds
both from primary and secondary markets. Also ministers arranged 6th
payment for Greece bailout available in December.