p**8
发帖数: 3883 | 1 周一很可能跌。
-*-屁股决定脑袋。-*-
EU Sees Progress on Banks
By James G. Neuger and Helene Fouquet - Oct 23, 2011 European leaders
outlined plans to aid banks and ruled out tapping the European Central Bank
’s balance sheet to boost the rescue fund, inching toward a revamped
strategy to contain the Greece-fueled debt crisis.
Europe’s 13th crisis-management summit in 21 months also upped the pressure
on Italian Prime Minister Silvio Berlusconi to cut debt in order to be
eligible for European help in fending off speculators.
“Work is going well on the banks, and on the fund and the possibilities of
using the fund, the options are converging,” French President Nicolas
Sarkozy told reporters during a break in the Brussels summit today. “On the
question of Greece, things are moving along. We’re not there yet.”
Greece’s deteriorating finances have narrowed Europe’s room for maneuver
in battling the contagion, which threatens to pitch the country into default
, rattle the banking system, infect Spain and Italy and tip the world
economy into recession.
The complete blueprint won’t come together until the next summit on Oct. 26
. Like today’s meeting, it will start with all 27 EU leaders before the 17
heads of euro economies meet on their own.
The mayhem began in Greece in October 2009 when an unexpected cash shortfall
left the new government unable to pay for its election promises. Since then
, 256 billion euros of bailouts have failed to stem the tide, which rattled
France this month, prompting Standard & Poor’s to warn it may lose its top
credit rating.
Bank Needs
Bank capital needs -- estimated at 100 billion euros by a person familiar
with the deliberations -- will be met first by banks themselves, then by
national governments, the European officials agreed.
Only when national efforts fail can governments tap the main rescue fund,
the 440 billion-euro European Financial Stability Facility, for cash to
channel to banks.
“What I can tell you is that this only will happen under strict conditions,
” Dutch Prime Minister Mark Rutte said.
Germany pushed through one of its main summit aims, defeating French efforts
to bulk up the rescue fund by enabling it to borrow potentially limitless
sums from the independent central bank. Policy makers are headed toward
using the EFSF to guarantee government bond sales as a way to extend its
reach.
German Chancellor Angela Merkel made clear that Italy cannot count on
unrestricted European support in what she called a “conversation among
friends” with Italian Prime Minister Silvio Berlusconi.
“Confidence won’t result merely from a firewall,” Merkel said. “Italy
has great economic strength, but Italy does also have a very high level of
debt and that has to be reduced in a credible way in the years ahead.” | p**8
发帖数: 3883 | 2 目前，ES跌5点。看样子，我的新闻解读没错。
Bank
pressure
【在 p**8 的大作中提到】
: 周一很可能跌。
: -*-屁股决定脑袋。-*-
: EU Sees Progress on Banks
: By James G. Neuger and Helene Fouquet - Oct 23, 2011 European leaders
: outlined plans to aid banks and ruled out tapping the European Central Bank
: ’s balance sheet to boost the rescue fund, inching toward a revamped
: strategy to contain the Greece-fueled debt crisis.
: Europe’s 13th crisis-management summit in 21 months also upped the pressure
: on Italian Prime Minister Silvio Berlusconi to cut debt in order to be
: eligible for European help in fending off speculators.
| t***y
发帖数: 2276 | |
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