EU/IMF Unleash $1 Trillion Emergency Fund to Stabilize Markets

Global policymakers launched an emergency rescue package worth about $1 trillion to stabilize world financial markets and prevent the Greek debt crisis from destroying the euro currency. The rescue, hammered out by EU finance ministers, central bankers and the IMF in marathon talks at the weekend, was the largest package since G20 leaders threw money at the global economy following the collapse of Lehman Brothers – Reuters

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