The EFSF would have practically unlimited capacity to insure eurozone T-bills in this way, because no country could default as long as the scheme was in operation. Nor could a country abuse the privilege, lest it be automatically withdrawn, causing the country’s cost of borrowing to rise immediately.
这样的话，欧洲金融稳定基金实际上就有无限的能力担保欧元区的国库券了，因为只要这个方案在运行，没有一个国家会违约。也没有一个国家能滥用这项特权，否则会自动退出该方案，导致该国的借贷成本立即上升。