Finland and the Netherlands Taatardha on the use of European stability mechanism for the purchase of government bonds

After that the leaders agreed the euro area in the last European Union summit on the use of the mechanism of the European Stability to buy the debt of European countries defaulting directly from the markets for primary and secondary to reduce the steady rise in the yield on bonds, Spanish, Italian, control the chaos published by the debt crisis worsening. Due to obscure Finland and the Netherlands agreeing to the use of funds rescue European to buy government bonds from the secondary market, this according to a report published by Reuters, that due to intervention by Finland and the Netherlands, the Fund rescue the European Permanent will not be able to buy government bonds from the secondary market, where require the approval of the resolution to the collective seventeen countries in the euro zone.

British money supply falls in May

Been reading the M4 money supply for the British economy during the month of May to show the money supply fell by -0.1% compared to last month's reading 1.1% and that have been modified to 0.9%, and at the annual reading showed a significant decline also to -4.1% compared to last month -3.8% and that have been modified to -4.0%.