Promise of European rescue fund falling short of expectations

According to several Euro zone officials, the impact of a planned $585.5 billion rescue fund may fall short of what leaders had hoped for due to continuted market deterioration and looming concerns about a possible French downgrade.

The Financial Times reports European Union officials remain “pessimistic about the prospects of a second source of  leverage” and the “tepid reception by China and Brazil,” who would be significant contributors to the fund.

 

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