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Euro zone strikes deal

Euro zone leaders struck a deal with private banks and insurers for them to accept a 50 percent loss on their Greek government bonds under a plan to lower Greece's debt burden and try to contain the two-year-old euro zone crisis. ||| Euro zone leaders struck a deal with private banks and insurers on Thursday for them to accept a 50 percent loss on their Greek government bonds under a plan to lower Greece's debt burden and try to contain the two-year-old euro zone crisis.
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Euro deal leaves much to do

Business & Finance : Business Report (3 years ago)

Euro zone leaders struck a last-minute deal to limit the damage from the currency bloc's debt crisis early but are still far from finalising plans to slash Greece's debt burden and strengthen their rescue fund. ||| Euro zone leaders... Read Post

Debt deal propels European shares to a high

Business & Finance : Business Report (3 years ago)

European shares surged to a 12-week high after euro zone leaders agreed to boost the region's bailout fund to 1 trillion euros ($1.38 trillion) and struck a deal with private banks and insurers to accept a 50 percent cut on Greek bo... Read Post

Deal near to lower Greek debt

Business & Finance : Business Report (3 years ago)

Euro zone countries appear to have agreed on some measures to lower Greece's debt burden. ||| Euro zone countries appear to have agreed on some measures to lower Greece's debt burden, but are still discussing the size of losses priv... Read Post


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