Chancellor Angela Merkel of Germany and members of the lower house of Parliament on Wednesday during a critical vote that enabled a subsequent deal to prop up the ailing euro.
Chancellor Angela Merkel of Germany and members of the lower house of Parliament on Wednesday during a critical vote that enabled a subsequent deal to prop up the ailing euro.
Fabrizio Bensch/Reuters Chancellor - Source
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European Leaders and Banks Reach Debt Deal to Save Euro

It was approaching 2 a.m. Thursday, not long before the Asian markets would open, and the two leaders were desperately trying to nail down the last component of a complex deal to save the euro: forcing the banks to pay a greater share of Greeceā€™s effective default.

The latest plan to save Europe from its debt crisis was greeted with a burst of self-congratulation from the bleary-eyed leaders who negotiated it and a respite from the months of pounding by the continent's financial markets.