Euro Region’s Central Banks Seen Providing Up to $270 Billion Through IMF

RSS Feed

Euro Region’s Central Banks Seen Providing Up to $270 Billion Through IMF

December 3rd, 2011

FAKE NEWS for the Zionist agenda

James G. Neuger
Bloomberg
December 2, 2011

A European proposal to channel central bank loans through the International Monetary Fund may deliver as much as 200 billion euros ($270 billion) to fight the debt crisis, two people familiar with the negotiations said.

At a Nov. 29 meeting attended by European Central Bank President Mario Draghi, euro-area finance ministers gave the go- ahead for work on the plan, said the people, who declined to be named because the talks are at an early stage. The need for a new crisis-containment tool emerged as the effort to boost the 440 billion-euro rescue fund to 1 trillion euros fell short.

Under the proposal, national central banks would recycle funds through the IMF, potentially to underwrite precautionary lending programs for Italy or Spain, the two countries judged to be the most vulnerable now, the people said.

“We’re looking for a maximum reinforcement with the IMF and the central bank,” Belgian Finance Minister Didier Reynders told reporters Nov. 30.

Full article here

Print this page.

Comment Rules

2 Responses to “Euro Region’s Central Banks Seen Providing Up to $270 Billion Through IMF”

TRANSLATION: FUNNY MONEY GOES GLOBAL: THE BEAR AND DRAGON ARE NOT AMUSED
Ok, let’s have a review:

1) A Shylock House (Central Bank) in Europe declares that they don’t have enough “Money”.

2) The Shylock Cyst in US (FED) tells them: Ok, We will give you the “money”.

3) So the Shylock Cyst in US prints Money and gives it to Shylock Houses of Europe. ( You don’t want to tell me that they earn that money or sell their gold ).

Now the Question is this:
Why the Shylock Houses of Europe can not print that money THEMSELVES??!!!!
******
Possible Answers:
1) OPEC doesn’t prop up their money.
2) They can, but they should be always IN DEBT.