Potential New Agreement On European Financial Stability Facility Fuels Rally
A potential agreement by France and Germany about how the European Financial Stability Facility might be used to help weak nations in the regions has caused a sharp rally in global shares. According to MarketWatch, Finance ministers from the euro zone…
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A potential agreement by France and Germany about how the European Financial Stability Facility might be used to help weak nations in the regions has caused a sharp rally in global shares.
According to MarketWatch,
Finance ministers from the euro zone were slated to meet Tuesday and were expected to agree to rules for borrowing against the European Financial Stability Facility (EFSF), as well as guidelines for intervening in the euro-zone bond markets and providing credit lines to governments, according to a Reuters report Sunday.
Such an agreement would mark a key milestone for the 440-billion-euro-strong ($586 billion) EFSF, after European leaders agreed to leverage the fund last month.
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