EU and IMF Form €720 Billion Rescue Fund

Filed in Debt, euro, Spot Gold by on May 10, 2010 0 Comments

Filed under: Major Movement , International Markets , Market Matters , Currency The EU and the IMF have agreed on a €720 billion loan guarantee fund to stabilize the eurozone. The plan was formulated over the weekend to calm markets throughout the world and stabilize the euro. As part of the plan, the European Central Bank stands ready to buy eurozone government debt if needed. Of the €720 billion, €440 billion would be provided by eurozone members and a further €60 billion supported by EU members through the expansion of balance of payments facility. The remaining €220 million would provided by the IMF. Continue reading EU and IMF Form €720 Billion Rescue Fund EU and IMF Form €720 Billion Rescue Fund originally appeared on BloggingStocks on Mon, 10 May 2010 09:30:00 EST. Please see our terms for use of feeds . Read | Permalink | Email this | Comments

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EU and IMF Form €720 Billion Rescue Fund

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