Summary

In this article on the rescue plan for the euro, it says, that Europe’s government-bond markets are spreading to its banking system and beginning to infect global credit markets. Europe’s plan is to defend its single currency. The European Central Bank set about buying government bonds in order to lower the cost of borrowing for the euro zone’s most troubled economies and Euro-zone countries will receive up to €250 billion of IMF money, but European leaders still have to act quickly makeing decissions.…