With Asian markets set to open, the EU is scrambling against a self-imposed deadline to roll out...

|By:, SA News Editor

With Asian markets set to open, the EU is scrambling against a self-imposed deadline to roll out a coordinated defense plan for the euro that reportedly comes to €560B total ($724B). Updated 8:22 p.m.: Live press conference has begun, a few hours late. Reuters reports a €500B package, a mix of loans and loan guarantees. The Nikkei opened flat to slightly higher (+0.3%) before news began to break. Euro +1% against the dollar.