15.06.2009 - A European monetary fund?
From Euobserver.com: The recent downgrade to Ireland’s sovereign credit rating by Standard and Poor’s, the second in three months, together with the prospect of a joint devaluation and eurozone entry plan for Latvia, are renewing speculation over the need for an eventual internal eurozone bailout, so as to prevent countries from defaulting on their debt. The implementation of such a policy would be a giant step towards greater economic coordination within the eurozone.........Full Article: Source