Greek rescue prevents global havoc

SHANGHAI - Eurozone leaders have agreed on a massive rescue package for debt-stricken Greece, in the most determined effort yet to stabilize the euro and avoid default contagion to the zone's other debt-ridden nations

The package is the eurozone's first comprehensive and long-term measure to save the most troubled economy in the region.

Economists say it will help prevent Greece's debt crisis from rippling through the 17-nation currency area and wreaking global financial havoc. They say it lays a firmer foundation for China to continue its growth, which has recently shown signs of slowing down.