As a second, subsidiary fund of the EFSF is in talks fro creation, here's what ACTUALLY happened at today's EFSF auction as per the Business Insider.
Story is here to read at your connivence.
If they are having so much trouble raising a few billion, how will the Bailout facility reach $1 Trillion, which really only covers Greece, if Italy, goes, the EFSF won't matter and it's looking like Italy is going.
Disclosure: The model Portfolio is still short with no changes
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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