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Tag Archives: European Financial Stability Facility
Will there be a Euro rescue?
European banks are in near panic mode as they realise the Euro rescue package announced thus far is inadequate. Foreign governments are hesitant to invest in the currency until more concrete reform steps are taken. The news today is that … Continue reading
The Euro is Safe for Now
The early morning agreement between the leaders of the European Union and bankers brought relief to financial markets around the world. The $1.4 trillion bailout fund coupled with a 50% write-down of Greek bonds by the banks will prevent an … Continue reading
Posted in Business, Politics
Tagged Euro, European Central Bank, European Financial Stability Facility, European Union
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