11/30/2010

European governments are striving to curb turmoil in financial markets by announcing rescue plans for Ireland and crafting blueprints for future rescue efforts. Officials watered down proposals that would force bondholders to bear some of the costs of rescues. The aid for Ireland, after a rescue for Greece earlier this year, is intended to show that the eurozone will help its members. Investors have been concerned about the fiscal woes of several European nations, including Portugal and Spain.

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