Euro Watch: Europeans Agree to Use Bailout Fund to Aid Banks

Fri, 06/29/2012 - 06:10 EDT - NY Times

The agreement, reached early Friday after all-night talks, cheered financial markets, but analysts warned that crucial details needed to be worked out.

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Europeans Agree to Use Bailout Fund to Aid Banks
The agreement, reached early Friday after all-night talks, cheered financial markets, but analysts warned that crucial details needed to be worked out.
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Economists and non-euro EU leaders cheered Friday's eurozone summit deal as a surprise "breakthrough" in efforts to preserve a stable currency, yet crucial details still need to be filled in.With market expectations low ahead of the European Union summit, a deal that bolstered confidence in the euro was wrenched after all-night talks between eurozone leaders, bringing swift relief to crisis-hit Italy and Spain.
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Euro Watch: Europeans Agree to Use Bailout Fund to Aid Banks

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