ECB pins hope on new rescue measures to save Eurozone

life-belt-euro

With sovereign debt concerns continuing to hang over the Eurozone, despite the confirmation in early May of a €110 billion bailout package for Greece, European Union leaders were forced to take more drastic action to safeguard the solvency of the entire region.

Having set themselves a deadline of the start of trading on Monday May 10 for their latest initiative, the leaders of the 27 EU nations concocted a large-scale rescue programme designed to combat dislocation in the European sovereign mark