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by Ashraf Laidi
Posted: Feb 20, 2010 5:00
Comments: 30765
Posted: Feb 20, 2010 5:00
Comments: 30765
Forum Topic:
EUR
Discuss EUR in this thread
April 9 (Bloomberg) -- European Union officials said they
are ready to rescue Greece if needed as economists at UBS AG
said that a bailout may be imminent as the countrys financing
costs surge.
A support plan has been agreed and we are ready to
activate at any moment to come to the aid of Greece, French
President Nicolas Sarkozy told reporters in Paris. The EU is
ready to intervene, Herman Van Rompuy, the president of the
27-member bloc, was cited as saying by Le Monde today.
failed or just missing Eur zone common economy politics ( how could Greece Spain Portugal compete
with France and Germany ... with olives and red wine? )
the Maastricht and other treaties do not allow a bailout
so the focus is at the "constitution" of the Euro.
If there is a kind of qe ECB of G bonds the problem is still unsolved. Unless there is recovery of economy it will stay in focus.