Europe will boost its bailout fund but it can't avoid recession – the real question is how deep and long the downturn will be The tentative response from the financial markets speaks volumes. Nobody is really sure whether the deal thrashed out overnight in Brussels is really the big breakthrough hoped for in advance of the summit. It doesn't look like it, at least not yet. But the talking goes on. Three things we do know. The first is that the European Union, probably through their central banks, will provide money for the International Monetary Fund so that the IMF can lend it back to the vulnerable parts of the ... (full story)