Friday, June 29, 2012

Hey, More Free Money For Banks

Funny how that's the one thing that we can all always agree on.

European leaders have pulled back from the brink of disastrous failure in their attempts to rescue the euro, throwing a lifeline to the weakest links in the eurozone by agreeing to shore up struggling banks directly, remove disadvantages for private creditors and move quickly towards a new eurozone supervisory regime for banks.

More details here. It isn't all bad.