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EU bids to bury deficits, end Greek debt saga

31 Jan 2012
Brussels - EU leaders closed one chapter in the debt crisis late on Monday with a new treaty supposed to end deficits - then launched a big final push to resolve Greece's bailout woes. European Union president Herman Van Rompuy called for a new deal with Athens "by the end of the week" on the conditions underpinning the long-delayed second bailout for Greece. Greek Prime Minister Lucas Papademos went immediately into post-summit talks with top officials from the EU and the European Central Bank (ECB). In October last year, Greece was promised a second bailout of €130bn if it could convince private investors to write off €100bn of debt.

http://www.fin24.com/Economy/EU-bids-to-bury-deficits-end-Greek-debt-saga-20120131