By retaining distance support logic from eFSM
, the new FSM3 application is configurable to allow a person on land to order food for ships at sea.
Over the medium term, DBRS expects EU debt to decline, with the EFSM
no longer engaged in new lending programmes.
This 10 year bond is the first of two EFSM
funding transactions planned for 2014, following an absence from the market since 2012.
We have had great success with eFSM
and I feel it is the future of how we will do business," he said.
Both the EFSM
and TRSM are easily managed through 3Com's Transcend Enterprise Manager and Workgroup Manager.
The proposal to use the EFSM
for the bridge loan is controversial because Britain and the Czech Republic are strongly opposed to it.
Loans to both states came from the two rescue funds EFSM
Similar in concept to the EFSM
, this programme lends directly to countries instead of banks.
While the governments of Spain, Italy and Belgium can probably absorb a temporary rise of 100-200 basis points in borrowing costs without the debt stock becoming explosive, if bond spreads rise much further than this for a sustained period, they may be obliged to seek external financing through the EFSF or the EFSM
, in order to prevent an escalating spiral.
issues bonds backed by all 28 European Union members and was used to help Ireland and Portugal.
Tanaiste Eamon Gilmore also welcomed the lifeline saying: "This was something that is important in terms of reducing the cost of borrowing for Ireland from the EFSF [European Financial Stability Facility] and the EFSM
The new 15y transaction concludes the EU's EFSM
funding activities in 2012, which raised 15.