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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Perspective who wrote (279576)	9/29/2010 10:12:32 AM
From: Giordano Bruno	Respond to of 306849

ING said latest data showed Portugal and Ireland actually increased their funding needs from the ECB in August. Portugal needed the equivalent of some 8.8 percent of its banking assets, while the Irish need was 5.7 percent, well above the needs from other euro zone members, said ING strategist Padhraic Garvey. The next worst was Spain at 3.5 percent. The euro zone's weakest member Greece was at 17.9 percent, Garvey said. Still, the ECB's stance is in stark contrast to other major central banks such as the U.S. Federal Reserve, which is seen poised to launch a fresh round of quantitative easing involving buying massive amounts of U.S. Treasuries.