European Union officials recently announced an agreement to rescue debt-laden Greece for a second time. In addition to providing Greece with 109 billion euros in new loans and some relief from its existing debt, the plan includes measures to help prevent the crisis from infecting the other economies in the monetary union.1 The deal reached by the 17 EU nations may help stem contagion fears, at least temporarily. It was well received — the euro rallied on the news, and stocks rose.
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