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Here Come Today's Rumors

By: capt_nemo in ROUND | Recommend this post (0)
Tue, 05 Jun 12 11:22 PM | 34 view(s)
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Submitted by Tyler Durden on 06/05/2012 - 12:36 Credit Line International Monetary Fund Japan

What would a day be without recycling of tired and expired rumors out of Europe. Sure enough:

EFSF PROVISIONAL CREDIT LINE COMPROMISE BETWEEN MADRID AND BERLIN
EFSF is to prepare a credit line for Spain in the case of need - Dow Jones
EFSF provisional credit line for Spain is one option according to a German newspaper

Ah, the good old EFSF, which was last summer's magical bailout mechanism which with 3-4 turns of leverage, would bring the total to €1 trillion... until the realization that there is nothing to lever, as nobody (except for Japan occasionally) wanted to put any money in it. Oh well: the rumor is good to get stocks into the green for at least a few minutes.

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http://www.zerohedge.com/news/here-come-todays-rumors




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