EU Revamping Plans to Contain Debt Crisis - Bloomberg
Here’s the latest on the Eurozone.
-> Banks are “volunteering” 40% haircuts, while Eurozone officials want 50% or more.
-> EFSF won’t be backstopped by ECB.
-> Obligation for banks to raise roughly 100 Billion Euros to withstand a possible Greek default.
-> Possible capital injections from emerging market countries via the IMF.
As of now, the Euro is down roughly 0.15%.
