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<blockquote data-quote="menspolo" data-source="post: 9250430" data-attributes="member: 326726"><p><strong>Euro up despite no sign of rescue fund deal</strong></p><p></p><p>Meanwhile, an agreement <a href="http://www.dolcegabbanamens.com/" target="_blank"><span style="color: #0066cc">dolce and gabbana</span></a> is emerging over the terms of a much tougher round of stress tests for European banks, to be conducted later this year.</p><p>European finance ministers are discussing the tests on the second day of a two-day meeting in Brussels.</p><p>Comprehensive package</p><p>The European Financial Stability Facility (EFSF) <a href="http://www.dolcegabbanamens.com/" target="_blank"><span style="color: #0066cc">dolce and gabbana sunglasses mens</span></a> was set up in May last year, and benefits from eurozone government guarantees for 440bn euros (£368bn; $590bn).</p><p>But in order to maintain its maximum triple-A-rating, the fund is effectively limited to borrowing about just 250bn euros, which many investors fear may prove insufficient to fund any future bail-out of Spain.</p><p>On Monday, <a href="http://www.dolcegabbanamens.com/" target="_blank"><span style="color: #0066cc">dolce and gabbana dresses</span></a> German finance minister Wolfgang Schaeuble downplayed the need to urgently upsize the EFSF, sending the euro lower against most currencies.</p><p>However, he later accepted that his government may have to raise its guarantee for the fund at least enough for <a href="http://www.dolcegabbanamens.com/" target="_blank"><span style="color: #0066cc">dolce and gabbana sneakers</span></a> to be able to lend the originally-intended amount.</p></blockquote><p></p>
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