Reports are floating that the International Monetary Fund will receive loans for European national central banks and in turn use them to stabilize the struggling euro-zone countries. This creative workaround bypasses legal limitations and could prove to be a great solution, but the figure that is reported casts a shadow: only €150 billion. This is no big bazooka… This report, from Reuters, quotes a “senior euro-zone source”. If this is the main news coming out of the EU summit, it will be a big disappointment, and can accelerate the Greek exit of the zone. A much bigger sum than 150 billion euros is needed. If the ECB announces that it is ready to spend 1 trillion euros, or an unlimited sum in order to make Italian debt sustainable, this announcement alone could calm the markets. The president of the ECB, Mario Draghi, needs some assurances from the governments that they, in turn, will work to balance their balance sheets. The suggestions made by Merkel and Sarkozy aren’t tough enough. Slovakia moved forward and introduced a debt ceiling constitutional law, following the footsteps of Spain. Perhaps if all countries do the same, this will satisfy Draghi and the German bloc members, such as Jens Weidmann. The ECB will announce its rate decision soon. See the ECB preview for more. Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Forex News Today: Daily Trading News share Read Next BOE Makes No Policy Changes – GBP/USD Ticks Up Yohay Elam 11 years Reports are floating that the International Monetary Fund will receive loans for European national central banks and in turn use them to stabilize the struggling euro-zone countries. This creative workaround bypasses legal limitations and could prove to be a great solution, but the figure that is reported casts a shadow: only €150 billion. This is no big bazooka... This report, from Reuters, quotes a "senior euro-zone source". If this is the main news coming out of the EU summit, it will be a big disappointment, and can accelerate the Greek exit of the zone. A much bigger sum than 150… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
