European Finance Chiefs Seek Greek Pact as Economic Gloom Grows

From bloomberg.com

European finance chiefs will seek a program to maintain Greek solvency today after the country’s parliament approved a raft of austerity measures, even as the currency union confronts the prospect of a worsening economy. Finance ministers from the 17-member group will meet at 5 p.m. in Brussels following the Nov. 8 agreement by Greek lawmakers to make cuts in pensions and benefits. While the ministers are unlikely to finalize an updated aid package, a European official said Nov. 9 that they’ll find a way to overcome a gap in the country’s financing this week. “We remain confident that European support will be ... (full story)