Wednesday, June 29, 2011

U.S. and European Markets Rise on Optimism Over Greek Vote

By CHRISTINE HAUSER and MATTHEW SALTMARSH

Published: June 29, 2011

The markets finally exhaled.

A relief rally swept the European and American markets after an early Wednesday vote by the Greek Parliament to approve an austerity plan.

The plan was passed, a condition set by international lenders for providing more financing and preventing a default, after weeks of uncertainty in financial markets related to the debt problems in the euro zone.

Full story:

http://www.nytimes.com/2011/06/30/business/global/30markets.html?partner=yahoofinance

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