Will Eurozone Governments Toss Greece a Lifeline?
February 10, 2010 /EIN PRESSWIRE/ The Euro rebounded Tuesday as currency traders speculated on whether the eurozone powers will bail out the debt-laden governments of Greece, Portugal and Spain.
Although a plan has not been confirmed, Reuters reports that the governments of the eurozone have agreed in principle to a Greek bailout. EU leaders will hold a special summit on Thursday, and analysts believe a resolution for the Greece issue to be decided upon then.
Next up: Portugal, Spain and Ireland. Can the euro retain its value with a trickle-down bailout of its heavily indebted nations?
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