Europe’s Gathering Storm NetRight Daily
"On Mar. 12, the European Union (EU) reached an agreement to create a permanent €440 billion bailout fund to support troubled sovereigns like Portugal, Ireland, Greece, and Spain (PIGS).
Despite a lot of talk of making the “senior bondholders” pay part of the loss in government bonds from the PIGS, ultimately this was not included in the agreement."
Wednesday, March 16, 2011
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