European Central Bank President Mario Draghi wants European leaders to speed things up and implement changes more quickly to the eur0-zone’s bailout fund, the European Financial Stability Facility (EFSF). In remarks at a banking forum, Draghi said leaders agreed more than 18 months ago to launch the EFSF and during this time, leaders have agreed to boost its lending capacity (July) and leverage its firepower (October) to approximately EUR 1 trillion ($1.35 billion) .
However, Draghi asked the question, “Where is the implementation of these long-standing decisions?”
Germany (NYSEARCA:EWG) is preparing for the bankruptcies of eurozone countries that are too big to be bailed out, according to a leaked document from Germany’s foreign office. The country’s plan includes the creation of a new European body that would take over the troubled countries, place them into receivership and then run their economies.
Toyota Motor Corp. (NYSE:TM) announced its domestic plants will operate at near normal levels through the next two weeks, beginning Nov. 21, as the disruptions from the Thai floods starts to decrease. Production in this area will also restart on Nov.21 with normal production at its North American plants during the next two weeks.
Toyota will continue adjusted production hours at its Asia nations and South Africa plants beginning the week of Nov. 21.
Investing Insights: Congress Loves These 50 Stocks.
Private equity firm Silver Lake is interested in purchasing Yahoo! Inc. (NASDAQ:YHOO) and has held discussions with Microsoft Corporation (NASDAQ:MSFT), Canada Pension Plan Investment Board and other possible partners. Silver Lake is part of a minority of interested parties has signed a non-disclosure agreement, which is slowing down the company’s sale process.
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