Tuesday 18 October 2011

France and Germany Agree €2tn Rescue Fund

So the Guardian say. But is the Guardian just rehashing already known news from an EU official who is out of touch. Or maybe they want to ramp shares for some reason, maybe for government favours? Who knows, but Americans have took the gamble on their own stocks based on 1 report. The Guardian goes on to say:

Quote: France and Germany have reached agreement to boost the eurozone's rescue fund to €2tn (£1.75tn) as part of a "comprehensive plan" to resolve the sovereign debt crisis, which this weekend's summit should endorse, EU diplomats said.

I suspect this maybe a bit of pressure being used from circles outside of Europe, the UK / USA government are keen on seeing the EU print lots of money to save the banks from their ludicrous gamble on Greek debt. In fact only reading the second paragraph goes on to say:

Quote: The leaders of France and Germany hope to agree a deal.

Yes the second paragraph says hope and the first paragraph says will endorse. It's a contradictory article, simple used to as an attention seeking article. Lets hope the journalists are abusing their powers to trade the markets, "they wouldn't be greedy corrupt cheaters now would they", he said sarcastically.

Apparently Berlin are playing down prospects of a full-scale deal. So who do we trust, the Guardian or the Politicians........However there is strong signals being made that some agreements will be made this weekend.


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