Wall Street stocks jumped sharply on the news, with the S&P 500 and the Dow Jones up more than 1 percent. The euro added to gains and U.S. government debt prices fell, boosting yields.
Asian shares also edged up on Friday, and the euro held most of the previous session's gains in early trade.
The news followed a call from the Institute of International Finance (IIF) on Thursday for coordinated monetary-policy easing from the ECB, Federal Reserve and key emerging-market central banks.
The IIF said the European Union (EU) and the International Monetary Fund (IMF) should loosen deficit-cutting goals for Greece and lengthen bailout-loan maturities. It added Greece may need 20 billion to 30 billion euros ($25.2 billion to £37.9 billion) in additional bailout money and called for the IMF to take a more-active role in solving Europe's crisis, including signalling it is open to precautionary loan.
Elsewhere, Spain's EU bank bailout last weekend galvanized growing German and French support for the ECB to take over responsibility from the European Banking Authority for monitoring Europe's biggest lenders.Page 2 of 3 | Prev Page | Next Page