Wednesday, April 28, 2010

Is Greece's tragedy in its final act?

After months of market turmoil, Greece's government succumbed to reality and asked for a $60 billion bailout from its Eurozone compatriots and the International Monetary Fund. The rescue, once it is finalized, will likely calm markets for a while, since it will at the very least ensure Greece won't default on its massive pile of sovereign debt in the short term.

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