Eurozone Finance Ministers to discuss leveraging of EFSF

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/AFP
European finance leaders today meet in Brussels to work on aspects of plan how to increase the leverage of European Financial Stability Facility (EFSF). According to EU officials' estimations, EFSF power should reach EUR 1 trillion. One of the key goals of meeting is to persuade world leaders that Spain and Italy can be protected from of debt crisis by extending their bailout package.

 

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Mon, 07 Nov 2011 12:30:03 GMT

China stocks hit two week low

Chinese equities experienced sharp decline reaching biggest low in two weeks. Shanghai Composite Index decreased 18.5 points, or 0.7%, closing at 2,509.8 which is the biggest drop since October 21. Fall in markets is associated with investors' fears that Chinese government will not apply expansionary monetary policy despite economy slowdown. Concerns were fuelled by Chinese PM's announcement that country will stick to curbing property industry

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