Europe’s decision on a financial rescue fund will “strengthen confidence,” the U.S. Treasury said today in a statement.
“Today’s announcement by the Eurogroup reinforces a trajectory of positive efforts to strengthen confidence in the euro area,” the Treasury said in Washington.
European governments capped fresh rescue lending at 500 billion euros ($666 billion), after a Germany-led coalition opposed a further expansion of the region’s anti-crisis firewall.
To contact the reporter on this story: Cheyenne Hopkins in Washington at firstname.lastname@example.org
To contact the editor responsible for this story: Chris Wellisz at email@example.com