http://www.bbc.co.uk/news/business-15933685
The finance ministers of Europe planned to fund about 1tn Euros to help relieve the financial crisis; but it seems unattainable. The Eurogroup chief said that by expanding the EFSF (European Financial Stability Facility), it would be "substantial" , but would not talk further about the issue. The European leaders want to have a lot of money in the EFSF just in case large economies need bailout money, such as Italy and Spain. The ministers also agreed to have private and public investors to engage in the EFSF. Karl Regling, Chief of EFSF said that at this time it is "impossible to give a figure at this stage." The European countries are trying hard to figure out how to end this financial crisis, and Poland's Foreign Minister is looking to Germany to take an active lead because they have the strongest economy. What do you think should be done to end this financial crisis?
Alexandra Christus
TA: John (Friday 11am)
I think it is good that euro zone financial ministers are discussing to increase the budget of the debt rescue fund. They are trying to prevent a euro zone collapse if a country with a larger economy such as Italy or Spain needs to be bailed out. Although, I believe the 1tn fund is going to be hard to accomplish.
ReplyDeleteBreanna Hanrahan
TA: Ryan (9AM Friday)
I think that it is a great idea that the euro zone is working to make a fund for bail out, as posted above, if the big countries like Italy and Spain need bail outs there are problems in the euro zone. And i also think that Poland has the right idea asking Germany to get involved because what ever they are doing to stay stable in this economy must be working. They can bring more ideas to the Euro zone to help get more money in the bailout fund. Also i think that more money should be give to the smaller countries that have more of a struggle then Italy and Spain do. They should give less to them and more to the smaller countries that have been hit harder in this recession.
ReplyDeleteJosip Jureta
TA: John (Friday 9am)
The EU has had many economic problems. No surprise there. Its a good thing they are planning bailouts. The EU has been very united and will not let one of there countries fail (i.e. Greece). So far they have kept their economy from completely falling. They must insure the biggest country economies first so that many other countries do not fall.
ReplyDeleteManuel Medina
TA: John (Friday 9am)
I believe that the EU is being proactive in planning bailouts, as well as it is a good suggestion that perhaps Germany help in leading this effort as they have one of the strongest economies. If the strongest economies are strengthened first, it will be less of a blow to the EU if the weaker countries continue to go into economic depression and hopefully easier to aid them out of it.
ReplyDelete^ Keara McGraw 9am F Maness
ReplyDelete