Tuesday, February 21, 2012

Greek bailout

  • Single currency governments approved a second massive rescue package for the ailing nation after more than 12 hours of talks in Brussels.
  • (The Guardian)
  • BRUSSELS, Feb 21 (Reuters) - Greeces second bailout programme could easily go off the rails and send the nations debt rocketing back to todays unmanageable levels, a confidential study by its international lenders shows.
  • (Huffington Post)
  • Including Greece's first bailout worth (euro) 110 billion ($146 billion), the new deal means every Greek man, woman and child will owe the eurozone and the IMF about (euro) 22,000 ($29,000).
  • (Chicago Sun-Times)
  • "The confidence fairy," Paul Krugman wrote yesterday with his usual assurance and wit, "has failed to show up.
  • (Daily Beast)
  • Europe is still a continent that looks over its shoulder at a long and sometimes dark past. That extends even to the protracted Greek bailout negotiations, where Germanys dominant role has scratched at some historical wounds.
  • (NPR News)
  • Currency markets saw a broadly lackluster response to the emergence of a final deal on the second Greek bailout. We expect renewed risk aversion will follow.
  • (What Gives? - Yahoo Finance)
  • Feb 21 (Reuters) - U.S. gold and copper futures rose sharply Tuesday on economic optimism after euro zone finance ministers sealed a critical bailout for Greece to avert a chaotic default. FUNDAMENTALS * U.S.
  • (Reuters)
  • Treasuries dropped for a third day after European finance ministers agreed on a second bailout package for Greece aimed at staving off default and keeping the 17-nation euro area intact.
  • (Bloomberg)

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