Getting your player ready...
BRUSSELS — Eurozone ministers offered Greece a $10.7 billion Christmas rescue package Tuesday to stem an immediate cash crisis yet failed to resolve fears that the common euro currency might be doomed.
The 17 finance ministers insisted they found a veneer of credibility to coat the euro’s rescue fund with enough leverage to deal with potential financial crises much bigger than the one facing peripheral Greece. And they called on the International Monetary Fund for resources to help further protect Europe’s embattled currency.
The fund’s chief remained vague on how beefed up it was after Tuesday’s meeting in Brussels. Klaus Regling said it would grow according to demands and market conditions. The Associated Press
