The EU summit in Brussels agreed to provide up to €200 billion more to the International Monetary Fund, which could use some of that money to support debt-laden countries. The 17 eurozone countries will provide €150 billion of that, with the remaining €50 billion due to come from EU members who do not use the single currency. Several non-euro nations including Denmark and Sweden have said they are prepared to provide loans from their central banks. EU officials said it remained possible that Romanian Central Bank could be asked to contribute to the €50 billion. Final decisions on the IMF package are due in 10 days. Leaders are hoping that economies outside Europe will contribute. Even The Central Bank of England may be asked to contribute. Christine Lagarde, the head of the IMF, welcomed the deal as the beginning of an answer to the eurozone crisis. “I appreciate this demonstration of leadership from Europe, and I am hopeful that others will also do their part,” she said. 
Access Investments-Building Awareness - European Union-ROMANIA
Saturday, December 10, 2011
Draft of new euro measures a 'confidence trick'
The EU summit in Brussels agreed to provide up to €200 billion more to the International Monetary Fund, which could use some of that money to support debt-laden countries. The 17 eurozone countries will provide €150 billion of that, with the remaining €50 billion due to come from EU members who do not use the single currency. Several non-euro nations including Denmark and Sweden have said they are prepared to provide loans from their central banks. EU officials said it remained possible that Romanian Central Bank could be asked to contribute to the €50 billion. Final decisions on the IMF package are due in 10 days. Leaders are hoping that economies outside Europe will contribute. Even The Central Bank of England may be asked to contribute. Christine Lagarde, the head of the IMF, welcomed the deal as the beginning of an answer to the eurozone crisis. “I appreciate this demonstration of leadership from Europe, and I am hopeful that others will also do their part,” she said. 
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Cameron had to say `No`-if he had endorsed the onslaught on the City then Tory party coffers would have dried up. He would have been called a Quisling and soon disposed off.
This is not Dunkirk-Cameron has done the very least he should to defend British interests. How about honouring the Referendum pledge ?
Merkel is playing Sarkozy like a puppet she is making the bullets and he is firing them. She has played to his vanity and he has been conned out of getting anything of what he wanted and she everything. It went a bit wrong though because she did promise the cities scalp as a bait to hook him to follow her lead. They underestimated Dave because his normal demeanour of Mr push over did not work out as he found a bit of back bone and and spoiled the plan. Once again Britain is reduced to playing David against Goliath all we can hope is the result is the same. As usual every cloud has a silver lining. Sarkozy must by now have woken up to the fact that he has been duped and that what he needed to help him get re-elected is not going to be forthcoming namely that Germany was going to save France by allowing QE and euro bonds. So now his re-election looking already uncertain is non existent. Pity for France what they got is not up to much but what they are going to get is 10 times worse another socialist, you know the ones that give 35 hour weeks and tax employing workers out of the reach of only the largest organisations, President.
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