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Failure of Greek debt deal could cost $1 trillion

Decision day for the Greek debt crisis is drawing near, and insiders are predicting that if things go awry it could cost the world economy $1 trillion.

 

Eurozone approves new $173B bailout for Greece

Greece Bailout

Eurozone finance ministers sealed a deal Tuesday morning for a second bailout for Greece, including 130 billion euros or $173 billion in new financing.

 

Greece targets debt swap from March 8: government

Greece's cabinet agreed on Saturday to launch a debt swap for private creditors on March 8 with the aim of completing it by March 11, a government official said.

 

A Greek’s only hot-seller: tear gas masks

Shock was a common sentiment in the heart of Athens this week. Athinas Street, the colorful shopping mile in the Greek capital, is known for its lively fish and meat markets, where spice salesmen mix with traditional shoemakers and sidewalks are packed with commodities for sale.

Senh: Great read on how one merchant is dealing the Greek bailout. It's just bad.

 

Dow climbs in early trading to near 13,000 mark

Stock Market

U.S. stocks closed in on the psychologically important mark of 13,000 for the Dow Jones industrial average as optimism about the Greek bailout and the European financial situation sent stocks up in early trading.

 

Greek Political Leaders Commit to Austerity Deal

Antonis Samaras

The letters aim to satisfy one of the key demands set by Greece's international lenders, but other issues remained unresolved.

 

Some say Greek debt deal will make things worse

Latest austerity cuts approved as 100,000 take to the streets in protest; 93 buildings damaged in Athens.

 

Greek deal -- first on, then off -- pushes stocks down

As is increasingly the case with the European financial crisis, the story changed between the time the evening papers went to bed Thursday night and the traders woke up Friday morning.

 

Breakthrough on Austerity Clears Way for Greek Deal

George Papandreou

After days of talks, Greek political leaders reached a deal Thursday to support a package of harsh austerity measures demanded by Greece’s financial backers in return for a bailout.

 

Wall Street eases as investors eye Greece

Stocks edged lower on Monday as a delay by debt-ridden Greece in accepting the terms of a bailout gave investors little reason to buy equities after a five-week rally.

 

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