PostHeaderIcon Unprecedented rescue package for Euro


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EU creates $1 trillion package to save euro
The European Union put up a staggering $1 trillion Monday to contain its spreading government debt crisis and keep it from tearing the euro currency apart and derailing the global economic recovery.

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Unprecedented rescue package for Euro
Brussels, May 11 : Europe’s historic decision to provide an unprecedented rescue package to combat Europe’s sovereign debt crisis will “reinforce the euro in the face of recent systemic challenges to the Eurozone and Europe,” predicted Olli Rehn, Commissioner, Economic and Monetary Affairs, European Commission, Brussels.

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