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Euro zone reaches a greek bailout deal [View All]

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rdking647 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Oct-26-11 10:51 PM
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Euro zone reaches a greek bailout deal
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Source: bloomberg

French President Nicolas Sarkozy said the euro regions bailout fund will be leveraged by four to five times, and investors have agreed to a voluntary writedown of 50 percent on Greek debt. Sarkozy plans to call Chinese leader Hu Jintao today to discuss contributions from the Asian nation to a fund European leaders may set up to fight the crisis, a person familiar with the matter said

Read more: http://www.bloomberg.com/news/2011-10-27/asian-stocks-e...



its about damn time..

current US markets indicate a dow opening of up 100 points or so
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