- Bridging tool is for SRM transition period
- Euro nations to develop common SRM backstop
- Backstop will facilitate SRM fund borrowing
- Will set 10 year deadline for SRM backstop
Bloomberg have gotten hold of some documents from the finance meeting today.
I would assume they mean that the 10 year deadline is an expiry of the SRM backstop not 10 years to get it in place, but you never know with this mob.