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Confusion Escalates Around A Rumor That Germany ......
Started:October 18th, 2011 (10:38 PM) by kbit Views / Replies:345 / 0
Last Reply:October 18th, 2011 (10:38 PM) Attachments:0

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Confusion Escalates Around A Rumor That Germany ......

Old October 18th, 2011, 10:38 PM   #1 (permalink)
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Confusion Escalates Around A Rumor That Germany ......

UPDATED: Confusion Escalates Around A Rumor That Germany And France Have Reached Agreement On A ?2 Trillion Plan To Rescue The Eurozone

UPDATE: Now there's a Dow Jones report citing a source who calls that report "totally wrong." The Dow just lost 90 points.
UPDATE II: We have no idea what to believe. Dow Jones is also reporting that there won't be a deal on the EFSF until Friday, and that the Guardian's 2 trillion figure is "simplistic."
A deal on Friday would still be spectacular news for the eurozone.
That "simplistic" remark, on the other hand, seems ominous. We wouldn't be surprised if this is all hype, and this rumored agreement is either a sham or falls far short of a serious, long-term solution to the euro crisis.
UPDATE III: Now German Finance Minister Wolfgang Schaeuble is saying that 1 trillion would be the absolute maximum liability of the EFSF, according to FT Deutscheland. Even so, he did not directly rule out the idea of a leveraged EFSF.
That said, there's evidently so much confusion around EFSF rules that some eurozone members will meet Thursday to its exact rules."

This rumor crap is getting ridiculous....It would be nice if these news outlets would report the news instead of what they think will be the news in the future. Everyone wants the scoop I guess

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