Thursday, July 21, 2011

Eurozone leaders warn Greece may default

Eurozone leaders opened a critical summit on Thursday targeting a deal to reduce Greece's runaway debt and save the euro from its worst crisis, even at the risk of an unprecedented default.
A draft agreement was put on the table for the 17 leaders following an 11th hour deal reached between the eurozone's two powerbrokers, German Chancellor Angela Merkel and French President Nicolas Sarkozy, a European diplomat said.


AFP