Contact us

Company Name:
Lishui Huanqiu Bearing Trading Co., Ltd.

Company Address:
No.11 Shiting Road, Shuige Industrial Zone,Lishui, Zhejiang,China
Contact Person: William

Email: admin@tradebearings.com
Homepage: www.asiabearings.com
Bearing B2B: www.tradebearings.com

email

 

Home > News >

Geithner presses euro zone to leverage bailout fund

(Reuters)-wroclaw, Poland finance minister cover by last Friday, the eurozone minister Turner is using its 44 billion euro rescue fund, and make more resources to solve a 2 years old, the eurozone debt crisis of a senior officials said.
Washington to support the emergency fund, set up in the global credit crisis of American lenders, but officials told Reuters cover Turner did not mention to 2008 TALF plan, the source said may be the European financial stability fund (EFSF) model.
Analysts said, the size of the EFSF must increase, establish market confidence and the eurozone debt crisis can contain.
Germany and other countries refused to do so, the euro zone countries parliament has yet to approve the agreed to in July to fund new powers, allow it on the market in the country against attack prevention and sovereign bond loan for supporting the struggling state.
Market after the termination of the atmosphere, the European central bank and the UK, Japan, and Switzerland on Thursday, to join the force in the fourth quarter, to recover three months of dollar liquidity operation.
The countries all over the world's stock rose by half, for a week, and the euro highs of hopeful, European policymakers finally came to a bold plan to crack down on deepening the debt crisis of the last meeting from benefits.
This makes for the central bank's action, the scope of at least disappointed interbank lending the dry real focus. Cover in the meeting stressed the Turner Wroclaw American worry level.
"It is difficult to take out any specific to the euro zone at this stage, but they need to keep that momentum," said Gavin's friends in Australia national bank market strategy.
"Cover Turner get how important, all this is...... the understanding of the market would be for all the time to work, but they wanted to hear through discussion, made good progress, the europeans to accept cover Turner said."
Cover Turner no detailed instructions on how to use can be done, the eurozone officials say, perhaps is worried about Europe on Washington too prescriptive sensitivity.
He said: "we can at any time with our American colleagues, I want to hear how the U.S. will reduce the deficit and debt," finance minister, Belgium LeiDeEr told reporters.
With EFSF will be a new method, can increase the size of the fund completely skirt against.
A EFSF, analysts said the money can be used to ensure that the eurozone debt sovereignty of the potential losses, the European central bank to buy, provide more money if just buy bonds, in the secondary market to buy up and the influence of the part.
"It is possible to use the EFSF, in order to enlarge its overall ability, to support the sovereign bonds, for example, through to the first lose some guarantee," kapoor said, SONY, managing director of the think tank redefined.
One difficulty is that using a fund is covered by the eurozone member countries ensure that can increase the debt of one size fits all, AAA grade credit rating of the countries, such as France pressure.
Mortgage problem
As Greece default, most economists say inevitable, at some time and of the Italian economy not to come out, although congress to approve a new tightening plan this week, the pressure is to take action.
Europe and the United States face 10 years of pain and sufferings, if not to find a global solution is for the eurozone debt crisis, the former British prime minister Gordon brown, 2007-2009 years the world financial crisis response of one of architect.
"Unless there is a global coordination...... I expected in Europe and the United States 10 years of slow growth, I expect the unemployment rate is very high level, I foresee the coordination failure, eventually leading to greater trade protectionism," brown said, in the world economy BBS in dalian.
Germany continue to oppose common eurozone bonds issuance risk pool.
A row in the second Greek aid such as Finland terms of some countries require in the new loan return collateral-also not solved.
Finnish finance minister especially tower Urpilainen told reporters: "I think we should negotiations (mortgage), but unfortunately, I didn't see that we can find a solution, tonight,". "We will continue to negotiation, I remain optimistic that we can find a people can accept solutions, of."
Collateral, but officials say is Helsinki, a solution is crashed into that it is so expensive demand, other eurozone countries in shame.
Decision makers expect international lenders can suggest shipment of the Greek next important release a month over, against a threat of imminent default.
Although this may keep Greek floating, until it from the second relief plan, the euro zone finance ministers said, the country will continue into a recession, to 2012, in the fourth year in a row, contraction, is the only possible fuel popular anger tightening drive.
, "our goal is to meet this year and next, without delay financial goals, no abnormalities, and deviation," Greek finance minister WeiNi jersey Evans, Wroclaw told reporters in Los Angeles.
In the Greek prime minister on Wednesday with PaPanDeLiOu conference call, German chancellor Angela merkel and French President nicolas sarkozy expressed their Greece in the euro zone and continue to keep providing financial assistance, adhere to the strict austerity measures to meet its goal of financial support.
Comment on debt swap plan, is a planned the second relief a key part of the Athens, the euro area officials say, if more than 90% of the target private investors to take part in this part of the program, it is not a big problem.




Other News:
Geithner presses euro zone to leverage bailout fund
Inmate's lawyers ask Perry to halt Texas execution
Geithner to discuss leveraging EU bailout fund
California border crossing shutdown snarls traffic
Republican Perry says Romney health plan cost jobs
Investors fail to bite at Microsoft Wall Street pow-wow
Euro zone progress extends Wall St gain
EU warned of credit crunch threat, French banks hit