EU leaders to agree the permanent rescue fund

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Source: Reuters
EU heads plan to sign an agreement on the Euro Zone's permanent bailout fund at the Monday's summit. The EFSF will be replaced by ESM, the leaders of which will increase defense against the sovereign debt crisis. Mario Monti, Christine Lagarde and Timothy Geithner also insist on combining funds of the EFSF and ESM to create a fund of one trillion of US Dollars. Moreover, leaders are likely to decide on the rules regarding balanced budget in the legislation. The summit will also cover issues as unemployment and measures to boost growth.
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Mon, 30 Jan 2012 09:39:55 GMT

Natixis: Aluminum may average at USD 2,250 per ton this year

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Mon, 30 Jan 2012 08:48:30 GMT

Iran is prepared to oil embargo

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