Fudge fudge fudge. EUR/USD down at 1.3475.

  • Bloc is discussing letting EFSF buy bonds of troubled member states
  • Any EFSF bond buying would be part of broader plan of consolidation, reform for any member state

Maybe I’m missing something here. Didn’t some finance expert of Merkel’s party say Bundestag wouldn’t currently approve EFSF rescue fund buying sovereign bonds.