Markets Rally After E.U. Summit Shows Progress

by Jim Zarroli, NPR

The deal that is supposed to solve the European debt crisis has been unveiled, and financial markets like what they see — even though there isn't a lot of detail on some parts. Banks will take a big hit on Greek debt, the eurozone's bailout fund will be robust and a plan to recapitalize European banks emerged.

Broadcast Dates

• All Things Considered, October 27, 2011