Wednesday, 15 February 2012 12:27
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Bond markets begin the week in slightly worse territory than Friday's after Greek parliament voted to approve the austerity measures requisite for the country's bailout funds. But in and of itself, the passing of austerity doesn't guarantee the release of Greece's next aid tranche . That fate is set to be decided at a Eurogroup meeting on Wednesday. Incidentally, a similar meeting stood out as an important economic event last week, but Greece was unable to reach a consensus on requisite austerity measures. As a results, this week's meeting was announced as a follow-up, ostensibly allowing Greek political leaders an opportunity to get on the same page. (As a bit of an aside, recall that Greece's PM Papademos last week said that any members of the government who didn't support austerity measures...()Forward this article via email: to someone you know that may want to read it.
Posted: 2012-02-13 13:01:00