Wednesday, Jun 16, 2010
Scorchio! - Worse than we thought!
Telegraph: Spanish debt wilts amid €250bn rescue plan confusion
"European debt markets remain under high stress on persistent reports that Spain is in secret talks with EU officials and the International Monetary Fund for a support package of up to €250bn (£208bn), the largest rescue in history". "El Economista said officials from the EU, the IMF, and the US Treasury had been discussing a credit line of €200bn to €250bn, dwarfing the €110bn package for Greece. Dominique Strauss-Kahn, the IMF's managing director, reportedly called a secret meeting of the IMF's Board of Directors to tackle the crisis".
Posted by alan @ 10:03 PM (363 views) Add Comment
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