From RanSquawk
Despite agreeing on a new "fiscal compact" to tackle the Eurozone's debt crisis, the EU leaders failed to win consensus for it to be backed by a new 27-state treaty after Britain held out for safeguards to its financial sector
According to a source, the PBOC is to create a FX investment vehicle, worth USD 300bln, comprising of two funds – one focused on Europe and the other on the US
The Bundesbank said that it is fundamentally open to bilateral loans to the IMF
The
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