"If The Fool persists in his Folly he will become wise." - William Blake
-
Second Greek bailout in reach, funding gap narrows
Euro zone finance ministers, locked in marathon overnight talks, inched towards approving a second bailout for debt-laden Greece that would resolve Athens' immediate repayment needs but seems unlikely to revive the nation's shattered economy. Agreement on a 130-billion-euro rescue package with strict conditions would draw a line under months of uncertainty that has shaken the currency bloc, and avert an imminent bankruptcy. After 11 hours of talks, ministers had found ways to cut Greece's debt to between 123 and 124 percent of gross domestic product by 2020, but were pressing for more. Negotiators for private ... (full story)
- Comments
- Subscribe
- Comment #1
- Quote
- Feb 20, 2012 9:54pm Feb 20, 2012 9:54pm
- The Fool
- Joined Apr 2009 | Status: Live and learn. | 1468 Comments
- Comment #2
- Quote
- Feb 20, 2012 10:07pm Feb 20, 2012 10:07pm
- Guest
- | IP XX.XX.214.160
- Comment #3
- Quote
- Feb 20, 2012 10:10pm Feb 20, 2012 10:10pm
- Guest
- | IP XX.XXX.79.150
- Comment #4
- Quote
- Feb 21, 2012 12:11am Feb 21, 2012 12:11am
- Guest
- | IP XX.XXX.100.19