The euro surged Monday after eurozone countries unveiled a massive package to support debt-laden Greece, giving a boost to most Asian shares.
Greek deal hopes boost markets. European shares have moved sharply higher after Greece unveiled a debt swap plan to end the standoff with its European creditors. The final scores showed: The Greek solution is modelled closely on a guarantee used in Italy to underpin multibillion-euro bad debt deals from the likes of Monte dei Paschi di Siena, the world’s oldest bank. Greece has successfully completed a €30bn voluntary bond swap aimed at boosting market liquidity and attracting long-term investors, according to people involved in the transaction. “It went Greece's Debt Crisis Timeline | Eurozone finance ministers and the IMF agree to a revised aid deal for Greece, including lower interest rates on bailout loans and a -buyback program. The new allows Greece to cut Tags: greeces, debt, crisis, timeline, A to provide relief that will be linked to Greece's economic growth until 2050 has been submitted by the European Stability Mechanism (ESM) and France, according to a report in Germany's Handelsblatt newspaper. The euro surged Monday after eurozone countries unveiled a massive package to support -laden Greece, giving a boost to most Asian shares. euro, most Asian shares The financial crisis was a series of crises that began with the global financial crisis of 2008. Its source originated in the mismanagement of the economy and of government finances, however, rather