Euro Zone Stalls on Bailout Details |
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March 14, 2011
Euro-zone finance ministers debated how they could enlarge the bloc's bailout funds, following the dictates of a pact sealed by national leaders early Saturday, but reached no agreement and put off further discussions to next week.
Euro-zone finance ministers debated how they could enlarge the bloc's bailout funds, following the dictates of a pact sealed by national leaders early Saturday, but reached no agreement and put off further discussions to next week. The main sticking points include precisely how the 17 members of the euro zone will share the burden of boosting the funds. But despite the unresolved details, markets reacted warmly to Saturday morning's announcement. In trading Monday, the prices of Spanish, Portuguese and Greek bonds jumped, bringing down their interest rates and reflecting improved investor confidence.
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