The grandeur has these things. French President Nicolas Sarkozy – who said that at a meeting of the G-20’s are going to refound capitalism-, said on Thursday night that the European Rescue Fund will be a sort of embryo of the European Monetary Fund. The eurozone has increased the power and flexibility of the Fund: you can buy debt in markets as one investor lends money to countries with problems to a more affordable interest rate and more loose deadlines, acting as a firewall to support banks if necessary. And even authority to undertake preventive actions, a military term has to demonstrate its power of deterrence: If EU investors are attacking any country’s debt, this salvaestados Fund has ability to enter the market and thus cornering speculators, as it has done the European Central Bank (ECB) in the worst moments of the crisis.
Facilitating the process of stock trading.
