EU offers 500bn EURO to support EURO – Is this a joke?
Posted by Ivo Cerckel on May 10th, 2010
The EU ministers of finance offer a 500bn-EURO plan to support the EURO
Is this a joke?
Ivo Cerckel
honestmoney@maktoob.com
http://twitter.com/ivocerckel/
EU ministers offer 500bn-euro plan to support currency
Monday, 10 May 2010 03:41 UK
http://news.bbc.co.uk/2/hi/europe/8671632.stm
SNIP
Officials hope loan guarantees would prevent the Greek crisis spreading
EU finance ministers have agreed on emergency measures worth 500bn euros (£430bn) to prevent the Greek debt crisis from affecting other countries.
The 16 members of the single currency bloc will have access to 440bn euros of loan guarantees and 60bn euros of emergency European Commission funding.
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