Tuesday, February 09, 2010

Report: Euro Zone Agrees to Help Greece

by Calculated Risk on 2/09/2010 12:10:00 PM

UPDATE: Reuters Headline Changed to: Report of EU Help for Greece Is Now Described as 'Unfounded'

That didn't take long ...

From Reuters: Euro Zone Agreed in Principle to Aid Greece: Report

"The decision on help for Greece has been taken in principle within the euro zone," [a senior German coalition source] said.
From Bloomberg: U.S. Stocks Gain on Prospects for Bailout of Greece by EU
“You have to do the necessary measures in order for us to support you,” [Olli Rehn, who takes over as EU economic affairs commissioner tomorrow] said of Greece in an interview in Strasbourg, France today. “This will be further discussed in the coming days. We are talking about support in the broad sense of the word. I cannot specify it now.”