Euro Soars On Possible US Support For More IMF Aid -- ABC News
Euro bounces back strongly following report that US would back more IMF money for Europe
The euro soared Wednesday after a report that the U.S. would support a larger aid package for Europe through the International Monetary Fund.
In midday trading in New York, the euro traded at $1.3140 from $1.3011 late Tuesday. It popped by more than one cent immediately after the report came out.
Read more ....
More News On U.S. Support For An IMF Bailout Of Europe
Euro soars on possible US support for more IMF aid -- Washington Post
U.S. Treasury: No talks now on bigger EU fund -- Market Watch
Euro Higher As Investors Euro-Zone Worries Ease -- Wall Street Journal
U.S. ready to back bigger EU stability fund-source -- Reuters
Scenarios: Radical solutions to the euro zone crisis -- Reuters
My Comment: If these reports are true, the U.S. is now positioning itself to bail out those European countries that have been inept and corrupt in handling their own finances.
Sighhhh .... this news .... and more .... is happening on a day when the U.S. Deficit Commission is calling for more taxes and spending cuts to meet the deficit bomb in the U.S.
Yup .... with the U.S. is trillions in debt, the idea of bailing out other countries with money that we do not have is a sad symbol of how incompetent and inept we have become.
No comments:
Post a Comment