E C B Tries To Enlarge Rescue Package As Spain Wobbles

[Realistbear]

http://www.telegraph.co.uk/finance/financetopics/financialcrisis/8201223/ECB-urges-bigger-rescue-fund-as-bond-investors-punish-Spain.html

Financial Crisis

ECB urges bigger rescue fund as bond investors punish Spain

The European Central Bank urged Europe to increase the size and scope of its €750bn financial rescue fund ahead of a crucial leaders' summit this week as bond investors demanded higher interest rates to hold Spanish debt.

Now let's see, that would be a sell on the Euro nicht wahr?

Hmm, clicking, clicking, there it is: nope--make that a buy on the Euro.

$1.34147

£1.57948

[General Congreve]

http://www.telegraph.co.uk/finance/financetopics/financialcrisis/8201223/ECB-urges-bigger-rescue-fund-as-bond-investors-punish-Spain.html

Financial Crisis

ECB urges bigger rescue fund as bond investors punish Spain

The European Central Bank urged Europe to increase the size and scope of its €750bn financial rescue fund ahead of a crucial leaders' summit this week as bond investors demanded higher interest rates to hold Spanish debt.

Now let's see, that would be a sell on the Euro nicht wahr?

Hmm, clicking, clicking, there it is: nope--make that a buy on the Euro.

$1.34147

£1.57948

It's a topsy-turvy world right now, but eventually it'll all tip over the edge.

My money is on bailout ahoy, they will fight the dying of the light at all costs, whatever Merkel says.

[Oh Dear]

Now let's see, that would be a sell on the Euro nicht wahr?

Hmm, clicking, clicking, there it is: nope--make that a buy on the Euro.

$1.34147

£1.57948

Assume lack of moral hazard, and that is quite a rational, is it not?

[sammysnake]

Well I'm glad the UK isn't part of a ludicrous bail out fund, I mean who would we borrow from