Slow and Steady Wins the Race!
It is 00:30 universal time, I'm Bob Casteen reporting the news in Washington.
European leaders have agreed to establish emergency loans to help solve the economic crisis in Greece and to come financial markets. Members of the sixteen countries that used the Euro reached the agreement Saturday in Brussels. They will meet again Sunday to discuss details. European leaders also agreed to reduce spending in their own countries to control budget deficits. Portugal was the first to announce plan to cuts spending says it forced spend some public projects. European leaders have already improved 140 billion dollars emergency loans to help Greece deal with its debt. Now there is concerned that other countries that used Euro may face similar problems.
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