Why not use the much-heralded stability fund as collateral for a European Brady bond plan that puts an end to the sovereign debt saga?

为什么不用被大肆宣扬的稳定基金作为抵押以实施欧洲布雷迪债券计划？这项计划终止了主权债务危机发生的可能性。

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The rescue fund, known as the European Financial Stability Facility, is expected to offer insurance against part of the losses on bond purchases.

救助基金，也就是欧洲金融稳定基金，预期将为债券购买者的部分损失提供赔付金。

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The bond selloff extended Monday's declines, suggesting that Sunday's agreement by European governments to bail out Ireland and set up a permanent rescue fund has left investors cold.

债市扩大周一跌幅，说明欧洲各国周日达成的救援爱尔兰、设立一只常备救助基金的协议并未打动投资者。

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The government is now looking to capital bond markets and even the European Investment Bank to fund its priority school building programme.

BBC: School rebuilding delayed by lack of finance

This requires more support for bond markets by the European Central Bank or by an expanded bail-out fund.

ECONOMIST: The euro crisis returns

"While in 2011, the fund invested 150bn krone of the year's capital transfers in European equities, in 2012, the fund invested nearly an equivalent amount in emerging bond markets", said Mr Slyngstad.

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