SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

India may consider supporting eurozone financing: Mukherjee

02 Nov 2011 Evaluate

In order to restore resilience in the markets over Europe's debt crisis, Finance Minister Pranab Mukherjee said, India may consider supporting extra financing for the Eurozone only if European policy makers make a credible assessment of its solvency problems.

He said, 'our assessment of the situation is 'let them make a credible assessment of the solvency issue, try to sort out those problems, and thereafter supplementary financing could be considered.' However, finance minister did not comment when asked on the issue of India buying European Financial Stability Facility bonds.

French President Nicolas Sarkozy has been trying to get support from emerging economies such as China to get financial support for the eurozone by investing in an expanding bailout funds. France is hosting summit of G20 leaders in Cannes.

Before leaving for France for summit, Prime Minister Manmohan Singh said much more needed to be done to restore confidence in the markets over Europe’s debt crisis. By adding further he said, 'it is imperative that the difficult decisions needed to address the economic challenges in Europe and elsewhere are taken swiftly.'

Further, Greek Prime Minister George Papandreou won the support of his cabinet today, to go ahead with a referendum and the government said would take place as soon as possible on a European Union bailout deal. Greece’s decision to hold a popular vote has pummeled Euro and global stocks.

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×