The document discusses potential strategies to mitigate systemic risk in Europe due to financial instability, particularly focusing on the situation with Dexia and the broader European banking sector. It outlines possible actions by France, Germany, Italy, and Spain, and the role of the European Financial Stability Facility (EFSF) in providing financial guarantees and support. The commentary also touches on the implications of Greece's financial situation and the potential for increased debt forgiveness for Portugal and Ireland.
documents/EFTA01169572.pdf
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