Forexsig.com 5/10/2010 News

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5/10/2010 News

European Union Approves $560 Billion Crisis Fund"
The European Union approved a crisis fund for European economies on Sunday, calling it a "stabilization mechanism." The crisis & aid package will be available to members of the European Union for situations which may prove economically challenging or unforseen.
The crisis fund should serve to help restore financial security thoughout European economies, which have been shaken since the Greece’s bailout.
European Central Bank officials hope that the $560 Billion now available to Europe’s economies will act as confidence boosters to investors, as well as help many countries with their financial situations.
Investors Shakey After European Economic Situation
Despite a strong showing for U.S. Jobs information on Friday, investors seemed shakey, as stocks slid & the Dow saw a 157.19 point drop.
The recent Greek bailout, along with indecision in the British vote & the overall economic […]

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