“Irish Prime Minister Enda Kenny would ideally like to use the ESM as a way of getting European taxpayers to shoulder the risks associated with all the debts of the Irish banking sector. He intends to use the six months of his European presidency to push through a banking union that would also make the bailout fund responsible for dealing with toxic assets in the European banking system left over from the financial crisis of 2007-2008. The [existing] €68 billion ($90 billion) in bailout funds are only expected to meet the country’s financial needs until the end of 2013.”
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
Officer looking for work in another jurisdiction after running down fleeing suspect
Watchdog: Fannie, Freddie should be required to recognize bad mortgages ‘immediately’
Feds: Cop Pulled Over Female Drivers To Look At Their Breasts
Dozens of British universities join the online education revolution
EU suspends aircraft emissions trading rules
China's brokers pledge to buy stocks to prop shaky markets
Kerry blames Iran for attack on Iraq camp
The Sharing Economy Fights Back Against Regulators
Man rescued to death by Australian ambulance helicopter
Cuba cracks down on goods transported in travelers' luggage
Central banker: Aussie dollar needs to fall further
Beijing to back United States over new FATCA law against tax evasion
U.S. tire magnate blasts France's 'so-called workers'
Apple shoots down drone strike tracking iPhone app
Western powers to offer easing gold sanctions at Iran nuclear talks