Europe Agrees to Basics of Plan to Resolve Euro Crisis

BRUSSELS — European leaders, in a significant step toward resolving the euro zone financial crisis, early Thursday morning obtained an agreement from banks to take a 50 percent loss on the face value of their Greek debt.

The agreement on Greek debt was crucial to assembling a comprehensive package to protect the euro, which has been keeping jittery markets on edge.   Read more 

Categories: Economics, United States

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