EU to set up permanent crisis fund after 2013...

* begin gastropod interpretation *

We fully expect the EU's problems to have played out fully by 2013 and at that point we will set up a "permanent solution" that will "prevent" such a crisis from happening in the future...well, one that only hoses the public as little as these last crises that is!"

* end gastropod interpretation *

-g
 
Remember the US had a crisis fund (I think a 33 cent bbl tax, after the exxon incident) to deal with oil spill cleanups. When the BP spill arrived the fund was "empty".

Probably the same thing will happen with this crisis fund.
 
Quote from ASusilovic:
----a permanent fund for future crises....
----will take effect in 2013....
----440-billion-euro European Financial Stability Facility....
More...
GS has announced that it's European Bonus Pool for 2013 will be 440-million euros. :eek: :D :(
 
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