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Traders know leverage. Do EURO Policy makers?
It no wonder investor confidence is at such low levels when you have to interpret irresponsible politicking as well. It seems that Euro finance ministers cannot whistle to the same tune. There has been talk about leveraging EFSF monies to significantly boost the programs firepower. That reality would be opening a new debate on a new expansion without the previous EFSF program being completed. Policymakers are believed to be working on a three-pronged plan to ‘ring fence the euro crisis around Greece’. Under the proposal, banks across the continent would be recapitalized, the €440b EFSF program would be ... (full story)
