Euro More Important Than Greece: Eurozone
As eurozone ministers pressured Greek Prime Minister George Papandreou to drop plans for an announced referendum on the country's latest negotiated rescue package, they made their priorities clear at a midnight news conference following a grueling crisis meeting in Cannes. Their pressure apparently worked as Papandreou backed off his call...
For Greek Debt Crisis, Bank Tax Among Measures Proposed
Two days before a summit meeting in Europe to discuss a second rescue package for Greece, a confidential paper outlined some of the strategies being considered to stem the tide of debt. These strategies included a tax on euro zone banks and loans with longer terms and lower rates.