Greek rescue package

Markets Accepting Greek Rescue Plan So Far

July 22, 2011

Markets so far have not challenged the new EUR 109 billion EU rescue plan for Greece, which entails selective defaults, a doubling of loan maturities, and reduced lending rates.  Attention now turns to the U.S. debt ceiling negotiations, where time remaining to do a deal is getting dangerously short. Stocks in the Pacific Rim climbed […] More