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The Eurogroup hits the tape saying it will do "whatever it takes" to overcome the crisis, and is...

The Eurogroup hits the tape saying it will do "whatever it takes" to overcome the crisis, and is exploring options to maintain the EFSF's AAA rating. France and Austria together account for 23% of the rescue fund's backing. Add in the PIIGS, and a majority of the EFSF's capital comes from non-AAA countries - it's unclear how a AAA can be maintained.
Comments (3)
  • Stoploss
    , contributor
    Comments (1727) | Send Message
     
    What, is this the 5th or 6th "whatever it takes" from the eurotards?

     

    So many empty promises, i lost count.
    13 Jan 2012, 05:34 PM Reply Like
  • wolverine27
    , contributor
    Comments (412) | Send Message
     
    i think they should have a summitt to talk about it . this always works well.

     

    im curious if there is an affair going on between merkel and sarkozy ...thats a lot of talk with nothing getting done. ugh .
    13 Jan 2012, 05:52 PM Reply Like
  • Bear Bait
    , contributor
    Comments (659) | Send Message
     
    Is all these downgrades based on their new model? Which means nothing is any different than it has been except they are now using "new math" to do their computations. I'm sorry but I have to believe that S&P is run by a bunch of idiots. They got caught with their pants down during the housing bubble and now they are trying to make up for it. Friday night futures may not be the best thing to watch; but, so far the response has been, "oh did S&P pass gas again." We'll had to wait for the Monday night futures show.
    13 Jan 2012, 05:57 PM Reply Like
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