Stocks, euro steady after official stokes confusion over EU's bailout approach

  • Article by: PAN PYLAS , Associated Press
  • Updated: March 26, 2013 - 5:20 AM

LONDON - European markets steadied Tuesday, a day after they were roiled by a suggestion from a leading European finance official that the Cyprus bailout was a model for the future.

  • 2
  • Comments

  • Results per page:
  • 1 - 2 of 2
ciamanMar. 25, 13 2:17 PM

Bailouts are the new normal thing for anybody or anybank or any business in big trouble. And just where does that money come from? From more freshly minted paper money. If gold was the true backing of our money then these bailouts would not happen. Cyprus is now buried again in giant debt. And the people will try to get all of their money out of those banks. How long can our bailouts around the world go on like this? The day is coming when no one will bail out the next disaster. What then? And it will be the little people whom will take the dive. It always goes that way.

0
0
stolaf80Mar. 25, 13 4:43 PM

I think a bailout primarily financed by stealing money from a bunch of Russians has trouble written all over it. I wouldn't want to have signed off on that solution.

1
0
  • 1 - 2 of 2

Comment on this story   |  

ADVERTISEMENT

Connect with twitterConnect with facebookConnect with Google+Connect with PinterestConnect with PinterestConnect with RssfeedConnect with email newsletters

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT