Wednesday, June 29, 2011

Tale of Two Visions for Euro Boils Beneath Greek Crisis Fight --June-29-2011--


Tale of Two Visions for Euro Boils Beneath Greek Crisis Fight 
June-29-2011--The longer Greece avoids default, the closer European leaders come to breaking one of their oldest taboos by taking responsibility for the finances of a neighbor. Even as they resist European Central Bank President Jean- Claude Trichet’s call for a “major strengthening” of fiscal ties, European authorities are becoming the biggest holders of Greek debt. That would leave the country a virtual ward of the state, the objection of the bloc’s politicians to sharing sovereignty undercut by their own efforts to save the euro.
Video: Greek parliament passes austerity bill 
WORLD : Euro Gains After Greece Says 'Yes' To Austerity
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