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.


Recent Posts
Contact Us

Drop us a note and we will get in touch soon!

Not readable? Change text. captcha txt

Start typing and press Enter to search