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News Link • Federal Reserve

US Gives Green Light On IMF-Mediated Rescue Of Europe

From Reuters: "US official says US would be ready to back larger European financial stability fund via increased IMF commitments." In other words, America, and its oh so rich middle class, is about to bail out Europe again. EURUSD surges on the news, as does ES. Elsewhere, Ireland's new dictator, Olli Rehn, adds that he is "attracted' by Eurobond ideas; sees no initiative soon. Which means about a week.

1 Comments in Response to

Comment by Lola Flores
Entered on:

The US gives the green light?  Or the US - meaning the US taxpaying suckers - bail them out too?

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