European finance ministers with a bit of help from the IMF combined to form a $645 Billion Fund to Fight the “Wolfpack” European Union finance ministers moved toward agreement on an unprecedented loan package worth at least $645 billion to prevent Greece’s fiscal woes from triggering a broader sovereign-debt crisis and shattering confidence in the euro. Jolted into action by last week’s slide in the currency to a 14-month low and soaring bond yields in Portugal and Spain, the 16 …

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$645 Billion Boondoggle to Defend the Euro from the "Wolfpack"