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Aug 31, 2011

Eurozone Future According To J.P. Morgan

ZeroHedge published this graph from J.P. Morgan which visualizes one scenario of the future of the Eurozone in a war map.
  1. ECB purchases bonds in secondary market.
  2. EFSF expanded to 440bn Euros - expected to happen this fall.
  3. EFSF will lend to Spain and italy.
  4. Increase EFSF to 1.0-1.5 trillion.
  5. EU asks IMF to increase its share in the EFSF fund.
  6. Allow EFSF to the rated AA, to increase its lending capacity.
  7. Same as 4.
  8. Eurobonds.


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