Euro crisis averted at low cost:EU Crafts $962 Billion Show of Force to Halt Euro CrisisJust 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.
posted by Quiddity at 5/09/2010 08:52:00 PM