Sunday, 13 November 2011

The EFSF Explained In Plain English

In light of the newest argument about the EFSF being a Ponzi scheme or not (see Telegraph and Reuters), I remembered seeing this video not long ago. This must be one of the best non-economic explanation for the European Financial Stability Facility (EFSF). Kudos to the man/woman who thought up this joke.

But seriously, where are they're going to get the 1,000bn. euros from?

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