EFSF: “A deal has been reached.”

Andreas KoudellouOctober 27, 2011Cataclysm, Culture, default, Economic Institutions, Environment, European Union, Financing Reconstruction, Global Economics, ICE Brent Crude oil, macroeconomic factors, Multibillion, price volatility in energy, selective default, spillover effect, Uncategorized

It appears the EFSF deal has been reached. As expected, it will be 1.4 trillion, by using 400-500% leverage on cash. Write down on Greek debt will be 50% (really 29%). Italy pledges to cut debt gdp ratio to 113% by 2013. The TARP, Euro banks will be funded with 30 billion for recapitalization.
Dow should be up 1k tomorrow.

Published by Andreas Koudellou

A senior associate focusing on early stage-companies. As a foodie I am a recognized expert on where to find the best dry-aged beef in NYC. I have a deep finance and international relations background, getting my start at the Council on Foreign Relations, UN and then on to HNW/UHNW capital management. View more posts