EU leaders reach crisis deal
October 27, 2011 - 12:35PM
A European Union official says the currency union's leaders have reached a deal with banks to take losses of 50 per cent of their Greek bonds in a key move to solve the eurozone's debt crisis.
The official was speaking this morning on condition of anonymity pending an official statement.
A second official confirmed that there was a voluntary deal.
Read more: http://www.theage.com.au/business/world-business/eu-leaders-reach-crisis-deal-20111027-1ml87.html#ixzz1bwWkEQnu
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