Europe Launches $648 Billion Aid Fund, Rules Out Immediate Use
By James G. Neuger and Stephanie Bodoni
European governments set up a full-time 500 billion-euro ($648 billion) fund to aid debt-swamped countries and, not for the first time in the three-year crisis, expressed confidence that the financial muscle won’t be needed anytime soon.
Finance ministers from the 17 euro countries declared the European Stability Mechanism operational ...
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Comment: The next debate will be about the TARGET system and then the topic of a common fiscal policy will be brought up. You may rest assured that the eurocrats will leave no crisis pass unused to tighten their grip.
Finance ministers from the 17 euro countries declared the European Stability Mechanism operational ...
More
Comment: The next debate will be about the TARGET system and then the topic of a common fiscal policy will be brought up. You may rest assured that the eurocrats will leave no crisis pass unused to tighten their grip.
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