Last week, the Eurocrats tried to persuade the markets that it has gathered the strength to deal with the DEBT CRISIS IN earnest. But even with three days to analyze and digest the statements it is still not clear as to how the actual bailout will work. The ultimate question: Who will guarantee all the good credit being established that will allow the EFSF to do its job to insure the markets against sovereign default??
Tags:Bill Gross Mohamed El-Erian, Bretton Woods, central banks, debt ceiling, debt crisis, Dollar, EFSF, Europe, Fed, Gold, governments, Greece, IIF, Italy, Josef Ackermann, Obama, peripherals, PIMCO, Portugal, quantitative easing, S&P futures, Spain, Treasury notes and bonds, U.S., U.S. debt, voluntary
Posted in Debt Market, Europe, United States | 1 Comment »
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