Tuesday, May 11, 2010

Excitement over $1 trillion euro plan fades, euro slips (Reuters)

 

Two women look at the burned-out branch of Marfin Bank, in central Athens, Monday, May 10, 2010. Employees at the branch died of asphyxiation Wednesday May 5 when extremists taking part in antigovernment protests smashed the bank's windows and threw firebombs inside. Near-bankrupt Greece saw its borrowing costs fall sharply and promised to press ahead with major financial cutbacks and reforms after the European Union unveiled a $1 trillion plan to contain the spreading debt crisis and boost the euro. (AP Photo/Petros Karadjias)Reuters - Excitement over the euro zone's mammoth $1 trillion rescue package gave way on Tuesday to doubts whether its weakest economies can meet their end of the bargain and deliver drastic debt cuts, driving the euro and stocks lower.

Excitement over $1 trillion euro plan fades, euro slips (Reuters)
Tue, 11 May 2010 05:35:40 GMT

Posted by at 4:02 AM

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