Wednesday, October 26, 2011

Europe Still Split On Crisis Package (No News Is Good News?).

According to the Wall St Journal European leaders meeting Wednesday are expected to address the banking sector's needs following an aggressive restructuring of Greece's debt as part of a broader package to stem the region's sovereign debt crisis that includes steps to enhance the firepower of the euro zone's bailout fund.

But European Union authorities couldn't confirm that a full set of measures, including the size of a haircut on Greek bonds held by private investors, would be announced Wednesday.

The euro zone and banks are working on a plan that will cut the Greek debt held by private investors by 50%, according to a plan ..

Find out the rest at http://online.wsj.com/article/SB10001424052970203687504576654901570712070.html?mod=WSJ_hp_LEFTTopStories

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