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  • EU OFFICIALS WEIGH RUNNING TWO RESCUE FUNDS TOGETHER, FT SAYS
  • EU WEIGHS RUNNING TWO RESCUE FUNDS, MORE IMF SUPPORT: FT
  • EU WEIGHS GIVING ESM ACCESS TO ECB FUNDING, FT SAYS

In other words, Europe has now given up on nuances and has resorted to nuclear rumormongering: it is commingling all failed funds and adding the IMF.  That the EFSF was unable to raise €3 billion (and only did so with underwriters retaining half of the issued bonds) on its way to €1 trillion (let alone €2) remains irrelevant.

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