Market Relief As Eurozone Leaders Finally Deliver Rescue Deal To Force Greek Debt 'Haircut' And €1Trillion Bailout Fund -- Daily Mail
Markets rose today after eurozone leaders reached a €1trillion deal that will force banks to take a 50 per cent 'haircut' on their Greek debts, increase a bailout fund for indebted euro nations and beef up cash buffers at the continent's banks.
The rescue package is needed to stave off a Greek default on its sovereign debts and subsequent 'contagion' to other EU countries as bank lending dries up.
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MIDDLE EAST
Iraq war’s ’missing’ $6.6 billion is discovered in Central Bank.
Ilan Grapel lands in Israel after being freed by Egypt.
Clinton: US confused by 'power struggle' in Iran.
Jordan's King to give lawmakers a say in cabinet.
Egyptian prisoners leave Israel jail ahead of swap.
Turkey earthquake death toll passes 500. Turk quake survivors plead for tents as cold descends.
ASIA
Protests hit China as property prices fall.
Pakistan police sacked over Russians killed near Quetta.
Bangkok residents flee as floods threaten dikes. Bangkok residents flee flooding in Thai capital. Bangkok floods: Thousands flee as waters approach.
North Korea bans citizens working in Libya from returning home.
China reins in liberalization of culture.
Japan considers building back-up capital in case of emergency.
AFRICA
Qatar admits it had boots on the ground in Libya; NTC seeks further NATO help.
Saif al-Islam Gaddafi 'trying to broker deal to surrender to ICC'.
From western to eastern Africa, US military increases focus on militant threats. US quietly assumes military posture in Africa.
Al-Shabaab leaders contact Kenyan government to negotiate.
Tunisia Islamist party seeking coalition partners.
Egypt jails police over activist Khaled Said's death.
Officials denied visas, Mugabe cancels U.N. trip.
Equatorial Guinea dictator's son 'splurged millions of impoverished country's money'.
Kenyan motives in Somalia predate recent abductions.
Relief groups fear for aid efforts in Somalia as military tension rises.
EUROPE
Merkel denies saying sorry to Berlusconi.
Migrants to send Britain's population soaring to largest in EU.
Barroso: Europe 'closer to resolving eurozone crisis'.
Euro zone strikes a deal with lots of promise but few details.
Berlusconi reform plan faces barbs, doubts in Italy.
Ireland presidential election: runners and riders.
AMERICAS
Economic posts 2.5% growth; Jobless claims hold steady. US economic growth up on spending.
Some U.S. cities begin cracking down on ‘occupy’ protests.
Mexican Presidential hopeful vows drugs war shift.
Brazil creates truth commission to probe rights abuses.
Colombian president calls for legalisation of marijuana.
Cancun area resorts empty as hurricane approaches.
Argentina jails 'Angel of Death'.
TERRORISM/THE LONG WAR
Pakistan drone attack 'kills' top militants.
Awlaki family angered by U.S. silence.
Indonesia cuts jail term of cleric Abu Bakar Ba'asyir .
Testimony set to begin in Mass. terror case.
Killing al-Qaeda’s middle managers may be key to its destruction.
ECONOMY/FINANCE/BUSINESS
Stocks leap 4%, Dow soars 350; Vix plunges. Stocks rally on European debt deal, U.S. economic news.
Merkel: 50 pct haircut to cut Greek debt by 100 bln euros.
Sony buys Ericsson out of mobile phone venture.
'Rogue websites' bill introduced in US House.
Bernie Madoff 'can live with' fraud victims' anger, but not family's, he tells Barbara Walters exclusively.
Nightmare scenario: U.S. deflation risks rising.
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