Euro governments offer Greece euro30 billion backstop

It's all about confidence - people. Cross the threshold of confidence, the thin red line so to speak, and today's fiat becomes nothing more than expensive monopoly money. Everyone on both sides of the Atlantic will be backstopped as long as confidence is maintained.

Trying again to halt a debt crisis that has hammered the euro, fellow eurozone governments tossed struggling Greece a financial lifeline Sunday, saying they would make euro30 billion in loans available this year alone -- if Athens asks for the money.

Source: finance.yahoo.com