European Union - Combine Two Funds

[Parsad]

When push comes to shove, people do what they have to do.  I think this will work and will probably get approval.  Cheers!

 

http://www.bloomberg.com/news/2011-10-20/eu-leaders-said-to-consider-combining-rescue-funds-to-deploy-1-3-trillion.html

[Packer16]

How does this fix anything but short-term problems?  I think they need to build a fund to support thier banks when the PIGS leave the euro.  All the buying of bonds does is kicks the can further down the road and will lead to a shortage of funds when they need it (when the PIGS leave the Euro).  At this point the German's don't want to fund the Greek/Soutern European lifetstyle and the Greeks/Southern Europeans don't want to live like Germans and I can understand that so I don't see how this fund is something other that a waste of time/money that will end up in failure. 

 

Packer