EU Summit: Parallel Bailout Funds, Sanctions, And Money For The IMF |
| December 09, 2011 | December 2011 Bond Updates |
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European leaders reached an agreement over a “fiscal compact” which included stricter rules on budget deficits, considered the possibility of running the ESM and the EFSF together, and would allow for the possibility of Eurobonds in the longer-term, according to a draft summit communiqué released late on Thursday. Major points had been rejected by Germany and remained under discussion, according to reports. |
| View more at: http://www.forbes.com/sites/afontevecchia/2011/12/08/eu-summit-parallel-bailout-funds-sanctions-and-money-for-the-imf/ |
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