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Europe Boosts Bailout Fund With `Firewall’ Bond Purchases, Eases Greek Aid

Europe Boosts Bailout Fund With `Firewall’ Bond Purchases, Eases Greek Aid
European leaders widened the scope of the euro’s rescue fund, authorized it to buy government bonds and eased the terms of Greek bailout loans as they unexpectedly pushed through fresh measures to end the bloc’s debt crisis.
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JimRogers.com Jim Rogers, chairman of Rogers Holdings, talks with Bloomberg’s Susan Li about China’s currency policy. Rogers, speaking from Singapore, also discusses the prospects for a bailout of Greece, the outlook for the euro, and his investment strategy for global stocks and commodities. Rogers spoke before Portuguese Finance Minister Fernando Teixeira dos Santos said the International Monetary Fund will contribute up to 220 billion euros for the European stabilization fund.
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