It's crazy now, there's nearly a daily effort to lift the market in the last hour by some pretty insane rumors. Today's was provided and refuted by the same news agency, Reuters! That's crazy, what about due diligence in reporting?
ESM BAIL-OUT FUND TO BE GIVEN BANKING LICENCE - DRAFT
ESM BECOMING A BANK "OFF THE TABLE"
So here's the latest...
Euro-Area Countries Ready To Provide IMF With Bilateral Loans, According To Draft Seen By Dow Jones
The catch? Mario Draghi said that loans to the IMF to purchase European bonds would be legally unworkable.
Furthermore, any loans creditor nations extend further deteriorates their standing as far as S&P ratings downgrades not to mention the political cost. Germans will love that their tax paying dollars are bailing out Greece and Italy!
So.... How long until this one is refuted? It certainly isn't moving ES which at this point is probably just plain worn out by the lies.
5 years ago
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