Germany, France in full agreement on EFSF: Germany

Discussion in 'Wall St. News' started by ASusilovic, Oct 20, 2011.

  1. By Beate Preuschoff
    BERLIN -- There is full agreement between Germany and France on the euro zone's bailout facility, the EFSF, German Finance Minister Wolfgang Schaeuble said Thursday.

    He stressed that leveraging of the fund via the European Central Bank wasn't up for discussion.

    An apparent split between Germany and France was amplified Wednesday when French Finance Minister Francois Baroin said that France wants the EFSF to have a banking license. This would allow it borrow against its sovereign debt holdings from the European Central Bank, and thus, bolster its own lending capabilities.

    Germany and the ECB oppose this idea
  2. bullshit
  3. TGregg


    LMAO. What a circus. It must be even worse than I thought. These guys have lost their damn minds.
  4. and it takes them months to verbally agree on something, rest of the time is spent drinking coffee and eating croissants

    Read how it operates.EFSF is dependent on the credit ratings of both France and Germany, and France's downgrade is imminent.
  5. Butterball


    The Germans and the French. Dumb and dumber.
  6. sheda


  7. sheda

  8. TGregg


    One of these days they're gonna kick that can and instead of flying down the road, it's gonna blow up.
  9. What kind of a name is "Beate Preuschoff ", Scotch-Romanian?
  10. dtan1e


    given this tough economic conditions why would any country want to become a guarantor for a country that is at the brink of default any moment, its like would you become the guarantor for your friend who u know is in a deep financial mess and whose situation is unlikely to improve any time soon when u only have enough to support yourselves, aware that u could be dragged down
    #10     Oct 20, 2011