Parsad Posted October 20, 2011 Share Posted October 20, 2011 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 Link to comment Share on other sites More sharing options...
Packer16 Posted October 21, 2011 Share Posted October 21, 2011 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 Link to comment Share on other sites More sharing options...
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