Euro zone reaches a greek bailout deal

[rdking647]

Source: bloomberg

French President Nicolas Sarkozy said the euro region’s 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-euro-advance-on-europe-s-expansion-of-bailout-metals-rally.html

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its about damn time..

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