Euro Crisis

EU Tries To Maintain Enthusiasm for Bailout

But people are getting a little skeptical that this time it will work


It has been 11 days since the European Central Bank announced it was prepared to buy the debt of struggling euro zone countries in unlimited amounts to help bring down their borrowing costs.

In that time, the euro has gained nearly 4 percent against the dollar, the broadest European stock index is up nearly the same amount and yields on Spanish and Italian 10-year bonds have fallen by more than a percentage point.