Thursday, February 11, 2010

EU to Financial World: The Bailout Check Is In the Mail

Is the EU trying to bluff its way out of the crisis?

WSJ reports:
Euro-zone countries will provide "determined and coordinated action if needed" to preserve stability in the currency union, European Council President Herman Van Rompuy said at a summit of European Union leaders Thursday, but he gave few details of how that would be provided and no indication that direct aid to Greece, the zone's sickest member, was imminent.

"Greece did not ask for any financial support," Mr. Van Rompuy said.

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