World Market Rebounds as Global Governments Strive to Contain Sovereign Crisis and Rescue Euro

Global market rebounds Monday as governments all over the world strive to quell debt crisis. In order to arrest euro's slump, EU finance ministers have agreed on an emergency plan worth 500B euro to prevent sovereign crisis in Greece from spreading to other countries. The 16-nation Eurozone will make 440B euro available while the remaining 60B euro will come from EU's emergency funding. News said that the IMF will inject 250B euro in the rescue.

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World Market Rebounds as Global Governments Strive to Contain Sovereign Crisis and Rescue Euro