Photo Gallery: Europe Meets to Save the Euro
Foto: ERIC FEFERBERG/ AFP
Fotostrecke

Photo Gallery: Europe Meets to Save the Euro

Late-Night Deal in Brussels Euro Zone Frees Greece of Half its Debts

After nearly 11 hours of talks, European leaders reached a breakthrough on Thursday morning. The euro-zone states have concluded a deal that will see banks give Greece a 50-percent debt haircut and governments provide billions of euros in taxpayer money for the bailout of the common currency. However, details remain vague about plans to leverage the euro backstop fund.