Europe Moves Closer to Bigger Bailout Fund

[dustup]

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Europe Moves Closer to Bigger Bailout Fund

Europe moved closer Friday to adopting a bigger bailout fund to assist debt-ridden countries, with Austria the latest country to approve its expansion to $593 billion.

Austria became the 14th of the 17 nations that use the euro currency that need to approve the expanded fund before it can take effect. Austria's approval came as some financial experts are saying the fund will need to be even larger, perhaps several trillion dollars in size, to cover possible future bailouts of weaker governments.

http://www.voanews.com/english/news/economy-and-business/Europe-Moves-Closer-to-Bigger-Bailout-Fund--130848568.html

Lets see where the value of the Euro goes when they execute this bailout.....

[ivanm]

They need to borrow another printing press from the US.