Reply #2: Forget Wednesday [View All]

[dipsydoodle]

Todays meeting of Finance Ministers was scrubbed.

Eurozone rescue plan hits new hitch.

There has been another hiccup in the eurozone's plans to announce a final rescue deal in Brussels to try to end the turmoil in the euro area.

The Polish presidency of the EU has confirmed to the BBC that key meetings have been postponed.

The EU's 27 finance ministers and the 17-nation Eurogroup will not now meet on Wednesday, although a full emergency heads-of-government summit will happen.

This could mean a delay to final announcements on solutions.

http://www.bbc.co.uk/news/business-15451328

I have feeling that the background issue here is who by and large is holding the bag on the CDS's. If its the US then yes the US taxpayer may wind up funding the EFSF bailout fund.