Rescue Plan Details Euro Backstop to Be Leveraged to One Trillion Euros

Chancellor Angela Merkel has provided German party heads some details of the planned euro rescue package set for approval by European leaders on Wednesday. They include a Greek debt cut of up to 60 percent and leveraging the bailout fund to one trillion euros. The measures will be put to a full vote in German parliament on Wednesday.
German Chancellor Angela Merkel faces a second vote on the rescue fund on Wednesday.

German Chancellor Angela Merkel faces a second vote on the rescue fund on Wednesday.

Foto: Rainer Jensen/ dpa
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