Rescue Attempt for Fragile Euro

Summary


EUROPEAN markets saw more volatility yesterday as traders digested a multi-trillion-pound emergency plan to rescue the euro.

It is thought the package, costing up to three trillion euro (pounds 2.6 trillion) and potentially allowing Greece to default on its debts without sinking the eurozone, could be revealed within days.

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Rescue Attempt for Fragile Euro

Traders remained sceptical over the prospects for success, causing the FTSE 100 Index to open 2% lo...

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