OECD Head On Europe: ‘We Have To Build The Mother Of All Firewalls’

February 26, 2012

MEXICO MEGALOPOLIS — Pressure mounted on Europe Saturday to build an much larger financial stabilization fund to head off sovereign debt concerns, with the United States, Brazil, and the Organization for Economic Cooperation and Development all urging an increase.While the advice coming outside of a meeting of G-20 finance ministers, senior officials and central bank heads seemed overwhelming, Germany – Europe’s main financial engine – appeared loath to fund yet another increase to stabilization funds that already have about 500 billion euros.Glance at More…
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