Monday, June 4, 2012

Europe

Europe: news flow is continuously streaming out from Europe, some more important than others. A summary of the day's developments. Namely, - German Chancellor Angela Merkel continues her hard stand in opposing the joint debt sharing in the Euro region, saying she would under no circumstances agree to Germany backed euro bonds. - EU is targeting Jul 9 as the start date for the Eur 500b European Stability Mechanism.

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