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Originally posted by fishman1985
OK SO ITS THE DAY IN QUESTION AND THE MARKET IS ACTUALLY UP A DECENT AMOUNT RIGHT AT THE OPENING BELL, SO THIS ONE AND ALL OTHER PEOPLE PROPHESIZING AN EXACT DATE ARE WRONG ONCE AGAIN!
APNewsBreak: Eurozone leveraging bailout fund
(AP) – 6 hours ago
BERLIN (AP) — A document obtained by The Associated Press shows eurozone governments are considering two forms of leveraging to boost their €440 billion bailout fund's capacity.
German lawmakers said Monday that the fund's capacity will be boosted beyond €1 trillion ($1.39 trillion) under the new rules.
The eurozone document, which Germany's government was sharing with its lawmakers Monday, shows the 17-nation currency zone wants to give the bailout fund the ability to provide investors with a partial insurance against losses from its member states' government bonds.
The document also foresees setting up a special investment vehicle "to attract a broad class of international public and private investors" such as sovereign wealth funds to buy eurozone government debt.