“I’m not convinced that this bailout package [bigger EFSF] is going to be remotely enough for the euro zone itself”- Wilbur Ross, chairman of WL Ross & Co.Impact: HighAn absolute majority of German parliament members, 523 in favor versus 85 opposing, voted for increase of the European Financial Stability Facility from €123 billion to €211 billion on Thursday, providing an
“Consumer spending was recovering after the quake, but that rebound is pretty much over”- Yoshiki Shinke, a senior economist at Dai-Ichi Life Research InstituteImpact: MediumYear on year retail sales in Japan plummeted 2.6% in August, after 0.6% increase in July, said the Ministry of Economy, Trade and Indus-try on Thursday. Economists expected the reading to decline moderate 0.6%.“Consumer spending was