750 billion euro of future debt, exchange rate euro could be stable

The exchange rate of euro will temporarily a plus

In brief: Exchange rate may stabilize the euro, but only at the time, the fall is inevitable.

Exchange rate euro, which has been falling for weeks, can grow, but only for that would fall again – according to experts and currency analysts. To stabilize the financial systems of member countries of the European Union and the rapid activation of money the EU creates a pan-European crisis management fund of 750 billion euros. It was said by Minister of Finance of Spain, Elena Salgado, following an emergency meeting of the Council of EU finance ministers in Brussels.

The talks, which lasted about 11 hours, held on Sunday, May 9 and lasted until night, because the fund was to be decided before the opening of Asian markets on May 10. Crisis Fund will not allow further fall of the Euro and is intended for the support of the euro area, which is not able to cope with the rising national debt.

In order to finance Fund Commission intends to involve the International Monetary Fund, which should make a 250 billion euro, loans amounting to 60 billion euros, will be used as bilateral loans $ 440 billion euros.

Ukrainian Globalist
2010-05-10 12:30, Currency news.

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