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The bloom is off the bailout rose...as Eurozone finance ministers recently failed to bring its emergency aid fund up to the full 440 billion euros
($615 billion usd) from 250 billion euros.
The market has noticed.
And ECB head Jean-Claude Trichet (pictured) is frustrated.
He does not want the ECB to be buyer of last resort of bonds from struggling debt-strapped EU nations.
The EU parliament must also debate and approve any new measures.
According to the WSJ, the weight of any fund increase will fall primarily on 5 nations, most prominently Germany and France...but also Finland.
Finland is the only country to oppose an increase
Finland faces a parliamentary election in mid-April. FM Jyrki Katainen said approving it would be...political suicide.
Also, Greece may need more money and Moody's has downgraded Portugal debt by two notches meaning that its 12-month treasury bills rose to 4.331%, compared with 4.057% two weeks ago.
Portugal may soon face a political crisis and thus a new EU bailout request.
