Europe Has New Deal to Fight Debt Crisis

By artappraiser on Sat, 03/12/2011 - 1:44pm |

By Stephen Castle and Matthew Saltmarsh, New York Times Business, March 11/12, 2011

BRUSSELS — European leaders agreed early Saturday to new measures intended to end the euro zone debt crisis, offering the debt-laden Greece a cut in its interest rate and injecting more flexibility into the way a bolstered bailout fund for the euro can be used.

The deal, which went further than had been expected at Friday’s meeting of 17 euro zone leaders, came after a fierce dispute over corporate tax — pitting France and Germany on one side against Ireland on the other...

Also see:

China Struggles in Its Fight Against Inflation as Consumer Prices Rise, by David Barboza in Shanghai, also from, March 11/12 New York Times Business.

URL:

http://www.nytimes.com/2011/03/12/business/global/12banks.html