MMC
12-19-2011, 07:29 AM
Reuters – 19 mins ago.....
The EU ministers will discuss via a teleconference the draft text of a new euro zone "fiscal compact" so that it can be finalized by the end of January, EU officials said.
Having agreed to offer 150 billion euros to the International Monetary Fund to raise its crisis-fighting capacity, they will also consider the size of individual bilateral loans to the Fund in talks from 1430 GMT.
The European Central Bank will offer three-year funds to banks for the first time on Wednesday to counter a freeze in interbank lending.
France hopes banks will use the money to buy euro zone bonds but Italy's Unicredit said last week this "wouldn't be logical" for banks under pressure to reduce risk and rebuild capital.
Standard & Poor's has said it could soon downgrade nearly all the euro zone's 17 members.....snip~
http://news.yahoo.com/eurozone-pursue-crisis-action-fitch-doubts-outcome-011504029.html <<<<<More Here!
The price tag is up to 200Billion with this mornings Economists. Germany has figured it out about us. Knowing that Congress will not be able to send any more money to the IMF. DESPITE OBAMA'S pledge to do so. Moreover this mornings talks will also be about the other 14 or 15 European Economies that are not part of the EuroZone yet.
Also completely out of the Mix with all this is the Vaticant Banks. Ever wonder why that is? Note that they will keep quiet on how much they buy of Italy and Spain. Thats the ECB. Sucks to be citizens of those countries.
Yet once again they are calling for a mild recession all on the strength that US is doing better, "allegedly".
The EU ministers will discuss via a teleconference the draft text of a new euro zone "fiscal compact" so that it can be finalized by the end of January, EU officials said.
Having agreed to offer 150 billion euros to the International Monetary Fund to raise its crisis-fighting capacity, they will also consider the size of individual bilateral loans to the Fund in talks from 1430 GMT.
The European Central Bank will offer three-year funds to banks for the first time on Wednesday to counter a freeze in interbank lending.
France hopes banks will use the money to buy euro zone bonds but Italy's Unicredit said last week this "wouldn't be logical" for banks under pressure to reduce risk and rebuild capital.
Standard & Poor's has said it could soon downgrade nearly all the euro zone's 17 members.....snip~
http://news.yahoo.com/eurozone-pursue-crisis-action-fitch-doubts-outcome-011504029.html <<<<<More Here!
The price tag is up to 200Billion with this mornings Economists. Germany has figured it out about us. Knowing that Congress will not be able to send any more money to the IMF. DESPITE OBAMA'S pledge to do so. Moreover this mornings talks will also be about the other 14 or 15 European Economies that are not part of the EuroZone yet.
Also completely out of the Mix with all this is the Vaticant Banks. Ever wonder why that is? Note that they will keep quiet on how much they buy of Italy and Spain. Thats the ECB. Sucks to be citizens of those countries.
Yet once again they are calling for a mild recession all on the strength that US is doing better, "allegedly".