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Tuesday, June 8, 2010

Hundreds of billions for the banks. France votes credits for European Financial Stability Fund http://axisoflogic.com/artman/publish/Article_60250.shtml

On June 1 the French National Assembly authorized the government to contribute France’s share of €111 billion to the €750 billion European Financial Stability Fund (EFSF). This is the fund that eurozone governments agreed to set up in May, in order to stem speculation against the euro and the possibility of sovereign defaults by Greece, Portugal and Spain.

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