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nearly three years ago. occupy wall street protesters were met by police. clashes break out, arrests were made. on this american morning. good morning to you. it is thursday, october 27. welcome to american morning an incredibly busy morning. it sure is we start with europe. investors across the globe, news they ve been waiting for. europe striking a deal to address its long-running debt crisis. this agreement made overnight after a marathon 11 hours of talks. that has sparked a major rally in europe and asia. u.s. stock futures are also significantly higher. we begin coverage this morning in brussels, belgium. after 11 hours of fraught negotiations, eu leaders did finally manage to come up with what they call a lasting and incredible agreement to solve the eurozone debt crisis once and for all. here it is. in the 15-page draft communique that was wrapped up soon after talks, they aim to solve problems. these leaders decided to boost the eurozone firepower o ....
good afternoon from cnn hong kong. i m andrew stevens. and good morning from london. i m felicia taylor. it was a long time coming, but european leaders filly got there. shortly before 4:00 a.m. in brussels the announcement we d all been waiting for. european leaders struck a deal on the eurozone debt crisis. here are the key points. the agreement includes a compromise with private investors. holders of greek bonds have greed take a 50% write down on the value of those assets. also the effective strength of the bailout fund will be boosted to about a trillion euros. but european banks will be told to brace for further turmoil. the banks zill to increase their capital reserves to 9% to protect themselves against potential losses following those write downs or defaults that possibly could occur further down the line. at a press conference in the early hours of the morning in brussels, the european council president emphasized the need for tighter fiscal discipline wit ....
Called the united states. three years after the economic crisis. how would you describe america? it s funny you say this because in fact that s the next place i m coming to. the next in the series is california. the difference between the united states and these prifral european countries is it s big enough to absorb shocks and the banking system as out as control as it was never got nearly as big as it got in these places. as a percentage of gdp. we can as society, we can absorb their losses. so in ireland, for example, the three big banks have estimated losses of 106 billion euros. that s in a nation of 4 million people. you scale it and translate into dollars, $10 trillion in losses would be the equivalent here. that s we don t face that. ....
it s funny you say this because in fact that s the next place i m coming to. the next in the series is california. the difference between the united states and these peripheral european countries is it s big enough to absorb shocks and the banking system as out as control as it was never got nearly as big as it got in these places. as a percentage of gdp. we can as society, we can absorb their losses. so in ireland, for example, the three big banks have estimated losses of 106 billion euros. that s in a nation of 4 million people. you scale it and translate into dollars, $10 trillion in losses would be the equivalent here. that s we don t face that. we don t have that problem. is that way it seems there seems to be a remarkable return to normalcy. ....