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Under the deal, the facility will be based in Luxembourg and will use government guarantees to raise funds for countries at risk.
But, by whatever means, on that day the Augustinian monk made public a multipronged attack on the Roman Catholic hierarchy's sale of indulgences — get-out-of-Purgatory-early guarantees — to raise funds for the completion of St. Peter's Basilica, in Rome.
The private-equity firm also used its connections and guarantees to raise $40 million of eight-year loans from Dutch and German development banks to replace one-year Korean bank loans.
While a technical issue -- it centers on whether euro zone member states will provide capital or guarantees to raise the effective capacity of the EFSF from 250 billion euros to the full 440 billion -- it risks further undermining market confidence in EU policymakers' ability to resolve the crisis.
Similar(56)
But nobody is guaranteed to raise enough money to meet their goals.
The provocateur of the bunch, Spartacus Chetwynd, is guaranteed to raise a smile.
Ms Malone's salary alone is guaranteed to raise a few eyebrows.
The lawsuit is guaranteed to raise eyebrows in the close-knit swimming world.
Those movies were guaranteed to raise a lump in our throats.
Road tax – two words guaranteed to raise the ire of most cyclists.
It is an affectionate parody of Wagner's excesses, and still guaranteed to raise a laugh, 50-plus years later.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com