Eurozone leaders draw up radical plan to safeguard euro
[photo: bigtrends.com]
"The deal being hatched at an emergency summit of eurozone leaders also looked certain to entail haircuts – losses – for Athens' private investors, increasing the likelihood that Greece will become the first eurozone country deemed to be in some form of default on its sovereign debt."
This plan wasn't so radical was it? It sure has similar ingredients to the TARP plan the United States drew up, which has failed miserably. Monkey see, monkey do. -- JB, Supervising Editor
