The European Union is preparing a $645 billion dollar fund to prevent the sovereign debt crisis from spreading. A Bloomberg article quoted a Sedish official as describing the markets as having a “wolfpack behavior”. The need for the EU to build confidence fast is recognized as the number one priority.
To read the Bloomberg article, please click here:
http://www.bloomberg.com/apps/news?pid=20601068&sid=arkniUPeZQhw
James Sutliff