Debt Deal for Europe

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European countries agreed to a debt plan in Brussels Thursday.

The plan included banks to agree to take a voluntary 50 percent loss on Greek bonds and aims to reduce the country's debt by 40 percent, NPR said.

According to CNN Money, the debt plan aimed to resolve the debt crisis in Greece as well as instability in the banking sector and the expanding bailout fund.

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This page contains a single entry by olso5630 published on October 27, 2011 11:14 AM.

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