| 07:00 | BRUS | -611 | 1 |
Встреча министров финансов и членов еврогруппы 28 марта
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Eurogroup & ECOFIN meeting on Friday 28th March, with focus on EFSF/ESM total lending capacity & European firewall
Below are the main points of focus for Friday’s discussions, and basis of potential source comments ahead of the meeting:
Main points
— Euroarea closing in on EUR 700bln firewall
— Other reports have suggested a total lending capacity of upto EUR 940bln
— EFSF total credit capacity currently is EUR 440bln, so to total EUR 940bln the ESM would be initially funded with EUR 500bln
— Earlier in the week the OECD called for Europe to increase the bailout funds to EUR 1trl
— The arrangement would see the EFSF continue to run in parallel with the ESM until July 2013, with the ESM brought forward to July 2012
— Ministers expected to approve two capital instalments worth ca. EUR 32bln in July
— It is important to note that in order for a larger contribution from the IMF to be approved at the next G20 meeting, Europe must take some steps. The IMF aims to boost its lending capacity by EUR 460bln.
— Also on the agenda: New ECB board member and reaction to Spanish budget
The Eurogroup meeting is tentatively scheduled to begin at 0800BST, press conference at 1100BST, with the ECOFIN meeting to begin at 1345BST
Below are the main points of focus for Friday’s discussions, and basis of potential source comments ahead of the meeting:
Main points
— Euroarea closing in on EUR 700bln firewall
— Other reports have suggested a total lending capacity of upto EUR 940bln
— EFSF total credit capacity currently is EUR 440bln, so to total EUR 940bln the ESM would be initially funded with EUR 500bln
— Earlier in the week the OECD called for Europe to increase the bailout funds to EUR 1trl
— The arrangement would see the EFSF continue to run in parallel with the ESM until July 2013, with the ESM brought forward to July 2012
— Ministers expected to approve two capital instalments worth ca. EUR 32bln in July
— It is important to note that in order for a larger contribution from the IMF to be approved at the next G20 meeting, Europe must take some steps. The IMF aims to boost its lending capacity by EUR 460bln.
— Also on the agenda: New ECB board member and reaction to Spanish budget
The Eurogroup meeting is tentatively scheduled to begin at 0800BST, press conference at 1100BST, with the ECOFIN meeting to begin at 1345BST
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29 марта 2012, 01:34
Below are the main points of focus for Friday’s discussions, and basis of potential source comments ahead of the meeting:
Main points