1.4 trillion euros.
Cash on hand will be leveraged 4 to 5 times.
Banks to get 30 bill euros in funding.
Italy pledges to cut debt gdp ratio to 113% by 2013.
50% haircut on Greek debt, EXCLUDING ECB holdings- LOL
MERKEL: ECB NOT INVOLVED WITH EFSF LEVERAGE OPTIONS.
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EXCLUDING ECB HOLDINGS – brilliant. What a shit show.
Asia is ripping on the news, and I’m sure we’ll have an opening gap higher. But I find it hard to believe that this isn’t the ultimate sell the news event, given all the bullshit rumors that have preceded it. And furthermore, I need someone to explain to me what the hell “leveraged EFSF” means if the ECB is not running the presses. With the spate of earnings misses we’ve seen so far this Q, the completion of this deal was the only thing I’ve been waiting for to get my shawty on.
Also, Italy raised the retirement age to 67, but not until 2057, in an effort to save 5 billion euros. You’re kidding me with this, right?
Agree. The deal has already been priced in. Im egging Mr. Market’s house on Halloween.
Again, that they wanted leverage is not news. Who’s providing it?
good luck.
they are called caskets. find one that will keep you comfortable thru eternity. post the fuck you your dead moment obviously. alf will be there waiting.