After twelve hours of meetings in Brussels, European Union leaders have agreed to a 130 billion euro ($170 billion) bailout of Greece. This was seen as a last minute deal to stave off Greek default. But there is much work to be done. As Dow Jones's Terence Roth tells his colleague Nick Hastings, this agreement was essential because it gives Greece's leadership just enough time to do all it must do to avoid collapse.
02-21-2012 9:44 AM
Filed under: finance, GDP, banks, debt, Guardian, Europe, Dow Jones, Euro Zone, currencies, euro, Greece, default, Greece bailout, sovereign debt, nick hastings, terence jones