 Christian Science Monitor | Germany forfeits to Spain and Italy, agreeing to loan directly to banks Christian Science Monitor After weeks of refusing to yield, German Chancellor Angela Merkel agreed to allow eurozone bailout funds to be used to recapitalize struggling banks. By Andrés Cala, Correspondent / June 29, 2012 German Chancellor Angela Merkel addresses lawmakers on ... Markets Cheer Europe Plan, Await Details GLOBAL MARKETS-Euro, oil, stocks rally after euro zone deal Euro Rises After EU Leaders Renounce Spain Loan Seniority |
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