Brightly coloured fish.

Buying the one small good in Fleece Market, and ‘negotiating’ my way out, at the exit to the Houndsditch street, catch my eye the very brightly coloured fish, called Mister Tory Party representative in Brussels Chris Patten… (For me he never pass more than my old crony Shaikin). However, this time with all his tree, mean wife, younger son, and friendly face. Maybe it’s because the other people may think that they have to walk on eggshells around me now, so they won’t hurt me (or my feelings). How’s sweet! Just one thing though…, - that small good what I pay for, mysteriously disappear (or stolen) the moments before seeing this “brightly coloured fish”… The last time I was seeing him, was after the Salvation Army make me a thousand’ rejection to the Royalties and Concessions of the Portland 450 Cement. Now, is the opening of Asian Markets, make me see him again… Seems that it is my know-how multiplied by the minor jealousies and inconsequential contrary ideas of friends and co-workers of the ‘Captain Data’s’ ship make this possible. Or I just need to warn him about the pain in my pancreas? Who knows? It does all still be a sree monkey…

EU Finance Chiefs Race to Ready Emergency Fund Before Asian Markets Open. May 09, 2010. European Union finance ministers pledged to stop a sovereign debt crisis from shattering confidence in the euro as they held an emergency summit to hammer out a lending mechanism for deficit-stricken nations. Jolted into action by last week’s slide in the currency to a 14-month low and soaring bond yields in Portugal and Spain, leaders of the 16 euro nations agreed on the backstop yesterday and told ministers to get it ready before Asian markets open. Europe’s failure to contain Greece’s fiscal crisis triggered a 4.3 percent drop in the euro last week, the biggest weekly decline since the aftermath of Lehman Brothers Holdings Inc.’s collapse. It prompted the U.S. and Asia to urge broader steps to prevent a debt crisis from pitching the world back into a recession. adding to the international pressure Europe has faced since a hurriedly arranged conference call of Group of Seven finance chiefs on May 7. Obama today emphasized “the importance of the members of the European Union taking resolute steps to build confidence in the markets,” White House spokesman Bill Burton told reporters in Hampton, Virginia. ‘Wolfpack Behavior’ (?). “In the night, when the markets are opening, we cannot afford a disappointment,” said Finance MinisterAnders Borg of Sweden, one of 11 EU nations not in the euro. “We now see herd behavior in the markets that are really pack behavior, wolfpack behavior.” European officials declined to disclose the size of the stabilization fund, to be made up of money borrowed by the EU’s central authorities with guarantees by national governments. The meeting started just after 3 p.m. A press conference was originally scheduled for 6 p.m. Germany, the bloc’s largest economy, will be represented by Interior Minister Thomas de Maiziere after wheelchair-bound Finance Minister Wolfgang Schaeuble, 67, was rushed to a Brussels hospital due to an adverse reaction to new medication. Several Alternatives. Part of a new lending mechanism could be based on the balance-of-payments aid model that the EU granted to Hungary, Romania and Latvia when their budgets buckled in the financial crisis, saidJacques Cailloux, chief European economist at Royal Bank of Scotland Group Plc in London. The initial funding available could be 70 billion euros, he said. “There is some discussion about what the solution will be,” Dutch Finance Minister Jan Kees de Jagersaid. “There are several alternatives at the moment.” Separately, European Central Bank council members were slated to hold a teleconference today. “Europe is getting its act together,” said Chris Rupkey, chief financial economist at Bank of Tokyo-Mitsubishi UFJ Ltd. in New York. “Time will tell if this statement is enough to satisfy the European bond market vigilantes.” Government officials said they won’t push the independent ECB to, for example, buy government bonds. President Jean-Claude Trichet accelerated the market selloff on May 6 by rejecting that measure. Trichet is in Basel, Switzerland, today for a scheduled meeting of central bankers from the Group of 10 nations. Vice President Lucas Papademos is attending the Brussels talks. Stiffest Test. With the euro facing the stiffest test since its debut in 1999, the weekend turned into a crisis-management exercise to restore faith in the currency and prevent a European debt crisis from cascading around the world. The purpose is to “decide on a mechanism that enables us to assure the stability of the euro, stability in the zone and, beyond that, stability in financial markets,” French Finance Minister Christine Lagardesaid. The euro slid to $1.2715 from $1.3293 in the past week, and is down 15 percent since late November.European stocks sank the most in 18 months, with the Stoxx Europe 600 Index tumbling 8.8 percent to 237.18. The extra yield that investors demand to hold Greek, Portuguese and Spanish debt instead of benchmark German bonds rose to euro-era highs. The premium on 10-year government bonds jumped as high as 973 basis points for Greece, 354 basis points for Portugal and 173 basis points for Spain. Stability. Britain, the EU’s third-largest economy, won’t contribute to a fund to shore up euro countries, "What we will not do and what we can't do is to provide support for the euro," Chancellor of the Exchequer Alistair Darling said. "That has got to be for those countries that use the euro, that are members of the euro group." European finance ministers are thrashing out the creation of a "European stabilization mechanism" with one plan focused on enabling the European commission to borrow on behalf of a member state in financial trouble, using the EU budget as collateral. Contemplation. Plans for a European credit-rating authority are already under consideration at the European Commission, the bloc’s Brussels-based executive agency. It also is investigating whether ratings companies such as Standard & Poor’s wield too much power over investors’ perceptions of governments. Asked whether steps to stem speculation against government bonds would include restrictions on short sales or credit default swaps, European Commission President Jose Barroso said “some of the points you have mentioned will be contemplated.” The political leadership of the $12 trillion economy yesterday also signed off on a 110 billion-euro ($140 billion) aid package for Greece negotiated by finance ministers last week. So far nine governments have cleared the way for funds to be sent to Athens.