Welcome to the TFC Commodity Trading Forum.
Please feel welcome to join in on these informative ongoing discussions about trading futures and commodities.

The Trading Forum is intended for the open discussion of commodities trading. The management of this Forum does not agree or disagree with the ideas exchanged, and does not exert editorial control over the message posted herein. Read and post at your own risk. The risk of loss in trading or commodities can be substantial. We discourage the use of this Forum to promote trading that is acknowledged to be risky. Please note: many links from the Forum lead to pages on other web sites. We cannot take responsibility for nor endorse the information presented on those sites.

TFC Commodity Trading Forum

EU leaders agree to 'fiscal compact': reports

EU leaders agree to 'fiscal compact': reports (by Virginia M. Harrison)

SYDNEY (MarketWatch)-- European leaders have agreed to a new "fiscal compact" on stricter budget and debt rules for the euro zone at a leaders' summit in Brussels, according to reports Friday, citing an European Union official. The reports suggested the agreement was part of the draft conclusions of the summit, with no agreement as yet on how best to implement the changes. Separately, a report from Dow Jones Newswires stated the euro zone's permanent rescue fund would be allowed to have a total endowment of 500 billion euros ($667 billion) on top of funds in a transitional rescue fund, according to the draft conclusions.