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'Blog Archive ? Euro Zone to Quadruple Bailout Fund: Sources' expats


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Blog Archive ? Euro Zone to Quadruple Bailout Fund: Sources

-- expats
Forum Post
10/26/11 15:55
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Blog Archive ? Euro Zone to Quadruple Bailout Fund: Sources

Thank author of this post/comment26-Oct (CNBC) - Euro zone leaders intend to scale up their emergency fund, the European Financial Stability Facility, to around 1.0 trillion euros, EU sources said on Wednesday. The sources said the 440 billion euros ($611.4 billion) fund, set up last year, would have about 250-275 billion euros available after amounts are set aside for aid to Greece, Ireland and Portugal and for the recapitalizing the region's banks. That amount would be scaled up around four times, arriving at a headline.

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• bailouts • leverage • banks • stability • bailout • financial stability • emergency fund • euro zone •
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