andreasnewyorkcity

EFSF: “A deal has been reached.”

In Cataclysm, 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 on October 27, 2011 at 5:43 am

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.

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