EU seals €750 billion deal to shield euro from speculators

European Union finance Ministers agreed Monday on a 750 billion EU and International Monetary Fund safety net for troubled eurozone countries, in order to keep markets from targeting the weaker members of the 16 countries that use the embattled euro. Mendez, Spanish Minister of Economy and Financial Affairs and Olli Rehn, EC Member in charge of Economic and Monetary Affairs, held a press conference after the financial Council meeting.

Under the three-year aid plan, the EU Commission will make 60 billion available while countries from the 16-nation eurozone would promise bilateral backing for 440 billion. The IMF would contribute an additional sum of at least half of the EU's total contribution, or 250 billion, Elena Salgado said.

[pkpanteli]

"Money" is simply the means for us, the players, to be able to play in the game of life, which has become a global "MONOPOLY" game.
The game's "bank", is in the control of a few, not actual players in the game, whose function is to watch the rest of play, while enjoying anything they like, with the "bank -money", that never runs out, for them.
It is time to start the game over. Dole out the money to all, and roll your dice from "GO" and let the players take turns, in running the bank.

[albedoshader]

@thefredsays: The bank system needs regulation, socialism or not.

[thefredsays]

@konshoff socialism has no place in a deregulated banking system.

[poeira]

A federal Europe is the only way forwrd now, any other option will mean failure for the European poject.

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