Eurozone ministers try to beef up rescue fund

BRUSSELS - Eurozone ministers offered Greece an euro8 billion ($10.7 billion) Christmas rescue package Tuesday to stem an immediate cash crisis yet failed to resolve fears that the common euro currency might be doomed. The 17 finance ministers insisted they found a veneer of credibility to coat the ...

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Deep differences remained over whether the European Central Bank should commit more of its massive resources to the rescue fund

• Timeline - Euro zone ministerial meetings in 2011 - Yahoo!


Read 'Timeline - Euro zone ministerial meetings in 2011' on Yahoo!. (Reuters) - Banks agreed to accept a 50 percent hit on their Greek bonds and euro zone leaders moved to beef ...

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Brussels. Eurozone finance ministers have failed to sanction measures to create the bloc's crucial €1 trillion bail-out fund – despite warnings that Europe is dangerously ...

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German Chancellor Angela Merkel's Cabinet on Wednesday approved a plan to beef up the eurozone's rescue fund, the first step toward its passage in Europe's biggest economy.

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Greece's Debt Threatens to Spread: State budget gaps map : Auto industry problems trickle down, punish Tennessee county: Women give old Derby hats a makeover in tough economy

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WASHINGTON - Europe is working to ramp up the firepower of its bailout fund, top officials said on Saturday, as the United States, China and other nations raised the alarm ...

• XE.com - TIMELINE-Euro zone ministerial meetings in 2011


Banks agreed to accept a 50 percent hit on their Greek bonds and euro zone leaders moved to beef up the region's rescue fund as they sought to draw a line under spiralling debt ...

• Eurozone seals rescue deal as banks agree loss on Greek debt ...


Brussels. The eurozone sealed a grand deal to overcome its festering debt crisis Thursday when banks agreed to take a 50 percent loss on Greek debt, officials said, AFP reported.