Sunday, May 09, 2010

Euro crisis averted at low cost:

EU Crafts $962 Billion Show of Force to Halt Euro Crisis

Just under one trillion dollars. They should to this sort of thing more often.

UPDATE: This from the Financial Times:
As part of a massive EU plan to shock the markets into believing eurozone finances were sound, the European Central Bank was also set to play a big role by buying eurozone government debt.
Do you believe eurozone finances are sound?

A review of the action at Naked Capitalism.


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