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Reply #5: Euro Zone Falls Short on Fund [View All]

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Demeter Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-02-11 06:10 AM
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5. Euro Zone Falls Short on Fund
http://online.wsj.com/article/SB10001424052970204262304...

Euro-zone finance ministers agreed on Tuesday on details to expand the bloc's bailout fund but acknowledged it would have less capacity to help troubled nations than once hoped, and suggested future efforts to resolve the worsening crisis would depend on the European Central Bank and the International Monetary Fund coming to their aid.

An analysis presented at the meeting suggested the fund might raise between 500 billion and 750 billion ($700 billion to $1 trillion), according to a person familiar with the matter, far short of the 1 trillion or even 2 trillion that many had expected...
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