Comment on Asian stocks up on European rescue deal for Greece

Asian stocks up on European rescue deal for Greece

share: digg facebook twitter Asian stocks up on European rescue deal for Greece Associated Press Copyright 2011 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Updated 08:07 p.m., Thursday, October 27, 2011 BANGKOK (AP) — Asian stock markets opened higher Friday, after European leaders crafted a deal aimed at slashing Greece's massive debt load and preventing the economic crisis there from engulfing larger countries like Italy. After two years of unsuccessful attempts to address the continent's debt problems, European leaders unveiled a deal Thursday aimed at preventing the Greek government's inability to pay its debt from escalating into another financial crisis like the one that followed the collapse of Lehman Brothers in 2008. Renewed confidence in Europe helped fuel a surge on Wall Street late Thursday, as did signs of stronger U.S.

 

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