U.S. Freight Carloads Weekly – November 28, 2010
U.S. railroads originated 297,990 carloads, up 3.8% compared with the same week in 2009 and up 1.3% compared with 5-year average. Week over week change was +0.2%.
Archive for November 28th, 2010
European Stability Mechanism (ESM) Introduced By Euro Group
Euro Group (EU members which introduced Euro as their currency) introduced today the European Stability Mechanism (ESM). This is the finale of German push to introduce a mechanism for a private investor’s loss sharing in case of future bailouts.
The ESM kicks in in June 2013, which means Euro group support for Eurozone members in problems effectively stops then.
EU/IMF Ireland Bailout – Official Details
Nothing surprising here. The program announced is in the middle of speculated €70-€100 billion range.
The interest rate (if facility would be drawn now) is at 5.8%.
All this looks so futile, it is almost impossible for Irish economy to grow with this kind of austerity and interest rate burden.