Firebreak!

Remember we talked about the Deus Ex Machina moves that made remaining short through the weekend a nutty risk (see: Come On, Dude)?  Well it appears as though the Euro Ministers are working on exactly that – a kitchen-sink measure involving trillions of dollars and all kinds of twists and turns…

From the Telegraph:

German and French authorities have begun work on a three-pronged strategy behind the scenes amid escalating fears that the eurozone’s sovereign debt crisis is spiralling out of control.

Their aim is to build a “firebreak” around Greece, Portugal and Ireland to prevent the crisis spreading to Italy and Spain, countries considered “too big to bail”…

First, Europe’s banks would have to be recapitalised with many tens of billions of euros to reassure markets that a Greek or Portuguese default would not precipitate a systemic financial crisis. The recapitalisation plan would go much further than the €2.5bn (£2.2bn) required by regulators following the European bank stress tests in July and crucially would include the under-pressure French lenders.

Remember, this is not about whether or not the policy will help, it is all about the market’s response to it.

We’ll see what shapes up headed into Sunday night and the Asian open of trading…

Source:

Multi-trillion grand plan to save the eurozone is being prepared (Telegraph)

 

 

 

What's been said:

Discussions found on the web
  1. Eat Verts commented on Sep 23

    … [Trackback]

    […] Here you can find 54838 additional Information on that Topic: thereformedbroker.com/2011/09/24/firebreak/ […]

  2. Bitcoin Era Review commented on Sep 28

    … [Trackback]

    […] Read More here on that Topic: thereformedbroker.com/2011/09/24/firebreak/ […]

  3. bitcoin revolution app commented on Sep 30

    … [Trackback]

    […] Read More on to that Topic: thereformedbroker.com/2011/09/24/firebreak/ […]

  4. rbc sign in banking commented on Nov 14

    … [Trackback]

    […] Read More Info here on that Topic: thereformedbroker.com/2011/09/24/firebreak/ […]

  5. knockoff audemars piguet online commented on Nov 16

    … [Trackback]

    […] There you can find 46173 additional Info to that Topic: thereformedbroker.com/2011/09/24/firebreak/ […]

  6. 무료웹툰 commented on Nov 16

    … [Trackback]

    […] Here you will find 64189 additional Info on that Topic: thereformedbroker.com/2011/09/24/firebreak/ […]

  7. new-kissanime.me commented on Nov 30

    … [Trackback]

    […] Find More on on that Topic: thereformedbroker.com/2011/09/24/firebreak/ […]

  8. Ruger firearms for sale commented on Dec 01

    … [Trackback]

    […] Read More Information here to that Topic: thereformedbroker.com/2011/09/24/firebreak/ […]

  9. influencer marketing strategy commented on Dec 12

    … [Trackback]

    […] Read More here to that Topic: thereformedbroker.com/2011/09/24/firebreak/ […]

  10. regression testing commented on Dec 18

    … [Trackback]

    […] Read More here on that Topic: thereformedbroker.com/2011/09/24/firebreak/ […]

  11. 사설토토 commented on Dec 24

    … [Trackback]

    […] Find More on that Topic: thereformedbroker.com/2011/09/24/firebreak/ […]

  12. fake rolex commented on Dec 31

    … [Trackback]

    […] Find More Info here to that Topic: thereformedbroker.com/2011/09/24/firebreak/ […]

  13. replica watches commented on Jan 07

    … [Trackback]

    […] Info on that Topic: thereformedbroker.com/2011/09/24/firebreak/ […]

  14. replica watches commented on Jan 14

    … [Trackback]

    […] Find More here to that Topic: thereformedbroker.com/2011/09/24/firebreak/ […]