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الجمعة، 16 مارس 2012

Likely to strengthen the resources of the European Financial Stability Fund to 700 billion euros


Spin expectations that the euro zone leaders to expand the Financial Stability Fund resources to the European levels of 700 billion euros compared to the previous levels at 500 billion euros, and after a big difference between Germany's biggest contribution to the rescue funds.

Scheduled to the euro zone finance ministers and bankers on 30-31 March to discuss ways to strengthen the current resources of the rescue funds (European Financial Stability Fund and the European stability mechanism), Value is agreed to fund the temporary European Financial Stability Fund worth 440 billion euros, while the European stability mechanism of 500 billion euros, and funds are combined for lending ceiling of 500 billion euros, and that means starting from July 2012 can not lend funds together more than 500 billion euros.
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