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Upcoming event – Meeting of the Heads of State of the Euro area
There are some unconfirmed reports in the European media citing that France
and Germany have agreed to boost the European Financial Stability Facility
(EFSF) to EUR2trn from EUR440bn. The two nations are also in favor of
recapitalizing the region’s banks to meet a 9% capital ratio that may be
required by the European Banking Authority. However, there are also other
reports doing the rounds that have dismissed these reports (increment in EFSF)
as rumors. Also, the German constitutional court could impede the
government from adding to the funds already committed for resolving the debt
crisis.
The heads of the state of the Euro area would meet on October 23, 2011, in
Brussels to continue with their objective of resolving the European sovereign
debt crisis. While German chancellor, Angela Merkel, has played down a
quick fix to the debt crisis, the meeting on October 23, 2011, would give more
clarity on the total funds committed by Germany and France to the EFSF. Any
increase in the EFSF is expected to be taken in positively and could extend the
rally that has been witnessed in the markets recently.
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Upcoming event – Meeting of the Heads of State of the Euro area
There are some unconfirmed reports in the European media citing that France
and Germany have agreed to boost the European Financial Stability Facility
(EFSF) to EUR2trn from EUR440bn. The two nations are also in favor of
recapitalizing the region’s banks to meet a 9% capital ratio that may be
required by the European Banking Authority. However, there are also other
reports doing the rounds that have dismissed these reports (increment in EFSF)
as rumors. Also, the German constitutional court could impede the
government from adding to the funds already committed for resolving the debt
crisis.
The heads of the state of the Euro area would meet on October 23, 2011, in
Brussels to continue with their objective of resolving the European sovereign
debt crisis. While German chancellor, Angela Merkel, has played down a
quick fix to the debt crisis, the meeting on October 23, 2011, would give more
clarity on the total funds committed by Germany and France to the EFSF. Any
increase in the EFSF is expected to be taken in positively and could extend the
rally that has been witnessed in the markets recently.
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