Japan Announces Purchase of European Bonds

From Recent Commentaries | Safehaven.com
January 10, 2013 - 12:35pm

Japan will by the bonds of the so-called "European Stability Mechanism". The ESM is an 80 billion euro pool of capital that can be levered up to 700 billion euros by selling bonds. Supposedly, 200 billion has to be kept safe but ...

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