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The idea is that each country prepares a national plan setting out its exact teacher needs and school-building and financing requirements for achieving this 2015 target of universal schooling.
CNN: Millions of children face Malala's fight for an education
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To put it another way, Italy's potential financing requirements on its own would exhaust the resource of the EFSF, based on its current size, if investors were to shun Italy altogether.
BBC: How ECB failed to reassure investors
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With the public debt ratio now over 122 percent and investors potentially concerned about the prospects of sovereign debt restructuring taking place if the debt ratio cannot be stabilized, the dramatic reduction in financing requirements over the next decade is helpful.
FORBES: Ireland's Promissory Note Deal