Euro Rises from the Depths

The euro has surged after EU ministers finally cobbled together a large emergency fund for all Eurozone nations to access if necessary.

The fund, estimated at around €500 billion, means that if a country is under threat of the debt crisis that is gripping the EU, it can call on emergency funds as a bailout measure.

International investors have welcomed the news of a ‘safety cushion’ for the troubled Eurozone, after Greece’s financial crisis threatened to take over other weak EU economies.  Last week the single currency plunged on investor fears.

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