EU Reaches Deal on Greece Help - WSJ.com.
For all of the initial posturing, this was necessary. If the EU had refused to assist Greece, it would have permanently damaged the credibility of the EU and significantly weakened the value of the Euro. It also shows the lengths to which the global governments will go to avoid a sovereign default.
For all of the initial posturing, this was necessary. If the EU had refused to assist Greece, it would have permanently damaged the credibility of the EU and significantly weakened the value of the Euro. It also shows the lengths to which the global governments will go to avoid a sovereign default.
