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Apr 2, 12 •
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Between the lines •
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Comments Off on The EU Firewall – A Lifeline For Spain
On the last business day of March, the EU Finance Ministers announced their latest attempts to stave off the eurozone debt crisis by boosting the eurozone’s firewall to €800 billion ($US1.07 billion) on the same day as the new Spanish government Mariano...
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Mar 29, 12 •
6476 Views •
Market Commentaries •
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The EU commission, which is warning that euro-zone governments shouldn’t get complacent, also favours a much bigger firewall. It argues one is needed to signal to the market in advance that other euro-zone governments stand ready to backstop our bigger...