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But Moody's also said that the plan would benefit Europe "by containing the contagion risk that would likely have followed a disorderly payment default on existing Greek debt".
Moody's offered a generally positive assessment of the plan agreed to by European leaders on Thursday, saying it "benefits all euro area sovereigns by containing the contagion risk that would likely have followed a disorderly payment default on existing Greek debt".
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rescue package for Greece and whether that can contain the contagion," said Ruth Stroppiana, chief international economist at Moody's.
But whether it can contain the contagion that has threatened the financial system in Europe and elsewhere is anyone's guess.
Governments throughout the region have stepped up efforts to contain the contagion, especially as there is little evidence that the financial rescue package passed last week in Washington will soon salvage battered international confidence.
From the moment this so-called swine flu was identified, the Mexican government worked vigorously to contain the contagion — closing all schools across the country, limiting public gatherings and instructing people to wear masks and refrain from greetings involving physical contact.
An effective response expected by StreetTalk can contain the contagion and the damage.
Although clinical management of VHF is primarily supportive, early diagnosis is needed to contain the contagion and implement public health measures, especially if agents are encountered out of their natural geographic context.
Aggressive interest rate cuts have not done much to contain the lethal contagion spreading in credit and capital markets.
Global financial markets have been rattled for weeks as euro zone leaders have clumsily tried to contain the Greek contagion.
The growing crisis in the eurozone threatened to undermine the global economic recovery as markets plunged across the world on fears that European leaders may not be able to contain the debt contagion spreading from Greece.
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