FT is reporting that the EU is considering a second fund to combat the sovereign debt crisis. Essentially another fund in addition to EFSF. This fund will help the crippled barrel, EFSF, with an additional $500 million.
Apparently the EFSF was o.nly going to be a temporary fund. It is now going to stay and an additional fund will be created to compliment it…..
If you enjoy the content at iBankCoin, please follow us on Twitter
Comical. In no way does this help the EU’s funding issue. I mean, shit, if this is all they’re going to do, they can make 100 funds, divide the current EFSF funding 100 ways, and call it a victory.
What is a crippled barrel?
_______
EFSF barrel is non functional