The rescue plan of the euro for Dummies

May 11, 2010 - 5:11 am Comments Off

How will the bailout work of the euro?

To stem the panic that erupted late last week, the states of the euro area have been working throughout the weekend and agreed on a massive rescue plan on several floors, as shown in this graphic.

The ECB breaks a taboo

It is an essential part of rescue plan devised this weekend in Brussels. While he did not hear of it, Jean-Claude Trichet has agreed that the European Central Bank buys government debt. All explanations in this article.

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