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


To: Les H who wrote (42818)9/29/2011 9:23:05 AM
From: Les H1 Recommendation  Read Replies (1) | Respond to of 119360
 
From the minister who called leveraging EFSF "stupid"...

German Minister Schaeuble Declines to Rule Out EFSF Leveraging
September 29, 2011, 2:45 AM EDT

German Finance Minister Wolfgang Schaeuble declined to rule out using financial leveraging to increase the capacity of the European rescue fund.

“What the future brings no one can say,” Schaeuble said on German radio today, when asked about leveraging the fund. Any expansion would have to be approved by the Bundestag, and without its backing “nothing at all” will happen, he said.

businessweek.com