Joined Nov 11, 2007
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EU Reaches Bailout Agreement

The EU, after 8 hours of debates, agreed to expand its bailout facility, allowing for $611 billion to be spent on buying bonds directly from member states.

A deal was not expected until March 24-25th, so this may be viewed favorably when markets open on Monday.

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One comment

  1. indie

    QE III comes in the form of Euros.

    Who woulda thunk?

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