Friday, May 13, 2011

Eurozone - Who will provide the money for the bail out ?

The Economist has made an overview of where the funding will coming from. The total €865 billion ($1.2 trillion) available for Eurozone rescues is enormous.

The sources of all that cash include the European Financial Stability Facility, (€440 billion) primarily funded by Germany, France and Italy. The IMF can provide up to €280 billion. America will lend up €50 billion.

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Source: The Economist

Geir Solem
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