EU reaches deal on 50% cut on Greek debt

0 Comment(s)Print E-mail China.org.cn, October 27, 2011
German Chancellor Angela Merkel attends a press conference after an EU summit in Brussels, capital of Belgium, on Oct. 27, 2011. European leaders announced early Thursday morning that a long-awaited rescue plan to fight the euro debt crisis has been reached, which included a 50 percent writedown on the value of the Greek bonds held by private investors.

German Chancellor Angela Merkel attends a press conference after an EU summit in Brussels, capital of Belgium, on Oct. 27, 2011. European leaders announced early Thursday morning that a long-awaited rescue plan to fight the euro debt crisis has been reached, which included a 50 percent writedown on the value of the Greek bonds held by private investors.


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