Saturday, March 17, 2012

700 bn. euro bailout fund

Euro zone may up bailout fund capacity to near 700 billion euros: officials

BRUSSELS (Reuters) - The euro zone may raise the combined lending power of its bailout funds to close to 700 billion euros from 500 billion in a trade-off between German opposition to committing more money and calming markets, euro zone officials said.
Comment: Watch out speculators againist the euro, the point is that you play with private money, which has its limits. The eurocrats play with public money and thus play without a limit.

No comments:

Post a Comment