Tuesday, July 12, 2011

Eurozone pledges new Greek debt crisis aid

European finance officials have pledged to bolster a rescue fund to end growing risks over Greece's debt crisis possibly spreading and disrupting other fragile economies.
With the future of the euro hanging in the balance, European Union leaders and the 17 euro zone ministers met in Brussels on Monday, under pressure to cobble together a consensus over a second Greek bailout designed to ease the threat to the eurozone's third and fourth biggest economies, Italy and Spain.