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The Globe and Mail

How the Europe rescue package is supposed to work

From losses taken by bondholders to recapitalizing banks, many factors are involved to make the bailout plan effective

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Men's Hair Cut

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A protester raises Greek flag in front of the parliament during a rally against a new austerity package at Athens' Syntagma (Constitution) square June 11, 2011.

REUTERS/Pascal Rossignol/REUTERS/Pascal Rossignol

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A man walks past a branch of Spain's Banesto bank in Madrid October 27, 2011.

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European Commission President Jose Manuel Barroso, right, addresses the European parliament in Strasbourg, eastern France, Thursday, Oct. 27, 2011.

AP Photo/Christian Lutz/AP Photo/Christian Lutz

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