EU Leverage Seen Falling Short as ECB Focus Revived
Nov. 29, 2011
Nov. 29 (Bloomberg) -- Europe's effort to expand its bailout fund to 1 trillion euros ($1.3 trillion) is falling short, forcing renewed consideration of a role for the European
Central Bank in insulating Spain and Italy from the debt crisis, two officials familiar with the discussions said.
Finance ministers are holding an initial discussion today on channeling ECB loans to cash-strapped euro nations through the International Monetary Fund. James Hertling reports on Bloomberg Television's 'InBusiness With Margaret Brennan." (Source: Bloomberg)