The European "fence", to contain its sovereign debt crisis, continues to get bolstered. Bloomberg reported a few hours ago that "European leaders agreed to provide capital faster for the planned permanent bailout fund in a concession to international pressure to strengthen the bloc’s defenses against the debt crisis. Europe plans to equip the permanent fund, known as the European Stability Mechanism, with 80 billion euros in cash and give it the right to call another 620 billion euros in an emergency. The total would enable it to lend 500 billion euros and maintain a buffer to garner an AAA credit rating." Please follow Euro Zone trends on page 37 of Global Perspectives .