International Monetary Fund: admits it might not be able to save the Euro as it emerges that current threat is 'worse than crisis in 2008'
The dramatic development came as France was forced to deny speculation that it is on the brink of having to bail out its banking system.
Emergency plans are being drawn up for a £2.6trillion deal aimed at saving the euro by allowing Greece to default on its massive debts.
The funds would be used to create a ‘firewall’ around the most indebted Eurozone countries, allow for an ‘orderly’ Greek default on its towering debts, and bail out those European banks most at risk. Read More
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