summit
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Analysts’ view: EU summit deal on euro zone crisis
IP is over the quota IP is over the quota (Reuters) – Euro zone leaders said on Thursday they had reached agreement after late-night talks on a comprehensive package of measures to tackle the euro zone’s sovereign debt crisis.The deal calls for private owners of Greek bonds to accept a 50 percent writedown on their [...]
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Asia shares, euro rally on EU summit
IP is over the quota IP is over the quota TOKYO (Reuters) – Riskier assets across the board from equities to oil and the euro rallied on Thursday after European leaders agreed to boost the region’s rescue fund and struck a deal on a 50 percent writedown for private bondholders on their Greek debt.Spreads tightened [...]
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Text: Summary of statement from euro zone summit
IP is over the quota IP is over the quota BRUSSELS (Reuters) – Euro zone leaders struck a deal with private banks and insurers on Thursday for them to accept a 50 percent loss on holdings of Greek government bonds as part of a plan to lower Greece’s debt burden and try to contain the [...]
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Italy calls cabinet meeting after EU summit
AppId is over the quota AppId is over the quota ROME (Reuters) – The Italian government will hold an extraordinary cabinet meeting at 6.00 p.m. (12 p.m. EDT) to discuss measures following the meeting of European Union leaders on Sunday and ahead of a second EU meeting on Wednesday, a statement on the government web [...]