Finally, the European countries has taken a significant step to resolve the Eurozone debt crisis. The plans are not that clear thou. One of the big steps is the Greek government bond face value cut of 50%.
This triggered a soar in the US stockmarket. Definitely a good news to our local market for today.
The Greece bail-out has reached $1.42 trillion.
ReplyDeleteThe Philippine market closed with +1.55% =)