Atlantic International Partnership Headlines: A look at economic developments around the globe

Atlantic International Partnership Headlines: A look at economic developments around the globe http://www. google. com/hostednews/ap/article/ALeqM5g_uaNSFKETE9FzfbD0beJvnXHjxg? docId=c59c5ff11c2745ceb67d8c525290ab96 By The Associated Press – Jul 21, 2011... More

Atlantic International Partnership Headlines: A look at economic developments around the globe http://www. google. com/hostednews/ap/article/ALeqM5g_uaNSFKETE9FzfbD0beJvnXHjxg? docId=c59c5ff11c2745ceb67d8c525290ab96 By The Associated Press – Jul 21, 2011 BRUSSELS — Eurozone leaders were preparing a radical overhaul of their bailout fund, new loans for Greece and a plan to have banks help ease the country’s debt load in a sweeping deal that aims to turn the tide of the crisis, according to a draft statement. The draft deal, if approved, would for the first time give the currency union tools to intervene preemptively and would also make it easier for the other crisis victims, Ireland and Portugal, to stand on their own feet once their programs run out. LONDON — Stocks surged as investors cheered draft details of a new bailout for Greece that will hopefully dramatically reduce its massive debts and prevent other countries such as Italy and Spain from being dragged into the crisis. The Less