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EU assist Ireland with 85 billion euros

November 29th, 2010

Local time on 28 November, EU finance ministers to provide 85 billion euros to the Irish credit agreement and the government agreed to establish long-term financing for the euro-zone mechanism, which would require holders of sovereign debt in extreme cases, bear the loss. Rehn, the European Economic Panel (Olli Rehn) said after the meeting, the lending rate in Ireland is about 6% for a period of seven and a half Read More...

Chinese reduce holdings of U.S. Treasury bonds for two consecutive months

September 2nd, 2010

U.S. Treasury Department report released on the 16th, following a substantial reduction in May compared with 32.5 billion U.S. dollars of U.S. Treasury bonds after the June re-reduction of 24 billion U.S. dollars in China's U.S. Treasury bonds. Thus, in the first half, China in March and April in addition to holdings of U Read More...