Investors appear to be coming out of hiding, as shares climbed yesterday amid new hopes for a eurozone rescue plan. Stocks rose strongly on growing optimism that eurozone leaders, along with the International Monetary Fund, will agree a package designed to solve the debt crisis. One of the main aspects of the bailout will involve a 50 percent write-down of Greek government debts. Another key area of improvement is set to include strengthening big European banks that could be hit by any defaults on national debt obligations. The question still lingering in my mind is whether this is a long term solution, or simply a short-term quick fix to buy a bit of time?
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