Tuesday, January 24, 2012

ESM Treaty - no approval until next week!

Finland, as always with these special financing packages, has proved the sole realist among the Euro Group it seems, read here. They wanted a veto on loans and it presently looks as if they have got it. Next Monday is now the latest deadline, but never forget with credit ratings and contributing countries sliding lower, it gets ever less likely that the thing will ever get enough support to be up and running by July!



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