European leaders have reached a “three-pronged” agreement described as vital to solve the region’s huge debt crisis.
They said banks holding Greek debt accepted a 50% loss, the eurozone bailout fund will be boosted and banks will have to raise more capital.
Shares on European markets rose sharply on news of the deal.
Read it all.
(BBC) Leaders Agree on Eurozone debt deal after late-night talks
European leaders have reached a “three-pronged” agreement described as vital to solve the region’s huge debt crisis.
They said banks holding Greek debt accepted a 50% loss, the eurozone bailout fund will be boosted and banks will have to raise more capital.
Shares on European markets rose sharply on news of the deal.
Read it all.