Wednesday, February 17, 2010

Greece Gets Bailout, Oil Prices Rise and US Jobs Progress

After three days of intense meetings, European leaders have reached an agreement to provide aid to debt-ridden Greece. European Union President Herman Von Rumpuy announced that an agreement had been reached but offered no details. World market reaction was mixed as uneasiness loomed over the future of other euro zone members.

Von Rumpuy added that provisions of the plan would be released early next week. The aid targeted for Greece would be the first bailout of a Euro zone member since the currency was introduced 11 years ago.

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