Thursday, October 27, 2011

Greece Crisis Convinces Banks To Take Loss to Save Euro

Banks Agree to Take Loss on Greek Debt to Help Resolve Euro Crisis

European leaders in Brussels obtained an agreement from banks in meetings to take a 50 percent loss on the face value of their Greek debt.

Another temporary delay of the impending crisis.

-- Political Pistachio Conservative News and Commentary

Europe Agrees to Basics of Plan to Resolve Euro Crisis - New York Times

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