Today a group of European leaders held what was considered to be one of the most important and most pivotal economic meetings of recent years. The meeting was about how the various countries should deal with the rising debt level of many countries in Europe and according to many analysts things could have gone very poorly if the decision reached was not satisfactory.
Fortunately the leaders decided to take the safety possible route by essentially lifting much of the debt owed in Europe between countries. Without the help of this new debt plan many European countries would have likely become involved in the entire economic crisis quite soon so it could not have come at a better time according to global economists. The deal is also being credited with helping various stock markets all around the world; in general nearly all stock markets around the world rose by a very noticeable amount following the announcement of the new deal which is a very good sign for the debt reduction plan.
No word on if any future plans will be required to help reduce debt but for now the European Union is simply happy to have reached some sort of debt saving plan. This is great news in deed as it means that millions of Europeans will be unaffected by what could have been the world’s largest economic collapse in recent years, for now they will simply have to deal with a moderate recession like the rest of the world.