Leveraging the Backstop A Trillion Euro Insurance Policy for the Common Currency

Berlin and Paris appear to be close to an agreement ahead of this weekend's euro summit. Media reports indicate that the impact of the EFSF euro backstop fund is to be increased to as much as 2 trillion euros by leveraging the fund. Meanwhile, Greece may have found a vast source of new tax revenues.
Paris' La Defense banking district: A downgrading of France's AAA rating could complicate euro bailout measures.

Paris' La Defense banking district: A downgrading of France's AAA rating could complicate euro bailout measures.

Foto: Ian Langsdon/ dpa
cgh -- with wire reports
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