Asian shares rise on euro debt plan | Bangkok Post: breakingnews

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Asian shares rise on euro debt plan

Asian stock markets and the euro rose on Thursday as European leaders announced a deal to tackle the region's crippling sovereign debt woes.

Asian stock markets and the euro rose on Thursday as European leaders announced a deal to tackle the region's crippling sovereign debt woes.

After 10 hours of painstaking talks in Brussels, banks holding some of Greece's mountain of debt agreed to take a 50 percent "haircut" on their holdings, breaking a deadlock many hope will help end the two-year-old crisis.

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Writer: AFP News agency
Position: Agence France-Presse

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