Wednesday, October 26, 2011

EUROPE HAS A DEAL- Banks Agree to 50% Haircut, Greece Gets Another $140 B

Greece to get 100B euros in more rescue loans

  • EU OFFICIAL SAYS DEAL REACHED ON GREEK DEBT-CUTTING PLAN: AP
  •  Greece to reduce debt to 120% of GDP by 2020
  •  IMF to give Greece an additional $140 Billion
  • 'PRIVATE CREDITORS TO TAKE 50% CUT ON GREEK BONDS, AP SAYS