EU ministers offer 750bn-euro plan to support currency

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AtW replied

10 May 2010, 10:46
Originally posted by fullyautomatix View Post

Where is all that money coming from ?

"The 16 members of the single currency bloc will have access to 440bn euros of loan guarantees and 60bn euros of emergency European Commission funding.

The International Monetary Fund (IMF) will also contribute up to 250bn euros. "
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fullyautomatix replied

10 May 2010, 10:44
Where is all that money coming from ? Are they just numbers being brandished about to calm the markets?
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DaveB replied

10 May 2010, 10:24
Originally posted by AtW View Post

"EU finance ministers have agreed on emergency measures worth 750bn euros (£650bn) to prevent the Greek debt crisis from affecting other countries.

The 16 members of the single currency bloc will have access to 440bn euros of loan guarantees and 60bn euros of emergency European Commission funding.

The International Monetary Fund (IMF) will also contribute up to 250bn euros. "

'ave it dirty kapitalist spekulants!

Said Spekulants will be , at this very moment, salivating at the thought of all the ways they can come up with to seperate those members from their cash. And they will.
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AtW started a topic EU ministers offer 750bn-euro plan to support currency

10 May 2010, 10:18
EU ministers offer 750bn-euro plan to support currency

"EU finance ministers have agreed on emergency measures worth 750bn euros (£650bn) to prevent the Greek debt crisis from affecting other countries.

The 16 members of the single currency bloc will have access to 440bn euros of loan guarantees and 60bn euros of emergency European Commission funding.

The International Monetary Fund (IMF) will also contribute up to 250bn euros. "

'ave it dirty kapitalist spekulants!
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