Euro Breakthrough

AFP / Getty

Europe’s leaders strike deal with banks, insurers early Thurs. for 50% cut on Greece’s debt liability.

Summit also sees emergency fund’s firepower quadrupled to €1 trillion ($1.38 trillion).

Asian markets up on news, Europe too.

Related Topics: asian markets, Banks, emergency fund, Euro, Europe, Eurozone, greek debt, insurers, Merkel, Sarkozy, summit, Business, Economy, Foreign Policy, News, The Page

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