Greece's parliament Thursday passed an austerity bill that will allow the country to receive a joint European Union-Intenational Monetary Fund emergency loan.
Clashes were reported to have broken out in Greece Wednesday as tens of thousands of people joined marches in cities across the country to protest the government's bailout for austerity deal.
After Greece announced it would hold a referendum on the new austerity plan, U.S. stocks gapped down, erasing a week of euphoric gains and casting major doubt over the deal.
On early Monday, The Greek government accepted austerity plan required for the state to get additional exterior financial support and avoid a huge bankruptcy.
Britons bore the brunt for the second time after the global meltdown as the David Cameron government Tuesday introduced the harshest of spending cuts in several decades amounting to £40 billion, saying there was no alternative to bring down the gigantic budget deficit.
Hong Kong opened 65 points lower after local U.S.-listed stocks dropped Friday but ended up 104 in light turnover, aided by debt-strapped Greece's agreement to an austerity plan.
American banks got a much needed boost from news that the Italian Senate passed an important austerity package while Greece officially swore in its new Prime Minister.
Expenditure on education, which has been hired by 19 per cent in real time, while pension expenditure has steadily increased, suggesting a significant change in the composition of public expenditure
Wall Street moved mildly higher today as the passage of several Greek austerity bills helped to ease the market's concern of a default. The S&P 500 will try to overcome a key level.
EU leaders have been in heavy talks with Greece officials on accepting deeper austerity cuts and providing more assurances before receiving more aid. But is it too little, too late?
Stocks closed higher today on news that Greece will receive its next installment of bailout funds after accepting deeper austerity measures to deal with its debt.
Spanish Prime Minister Jose Luis Rodriguez Zapatero has reiterated his administration's commitment to reduce the country's budget deficit by implementing austerity measures.
Prime Minister Jose Luis Rodriguez Zapatero has said that his government will unveil "in the coming weeks" the details of a proposal to raise taxes on the wealthiest Spaniards, part of a wide-ranging austerity plan to trim deficits.
Are you running business in UK for bars, restaurants or hotels, then you might have daily print requirements. Printing requirements can push your business running cost in respect of recently fall in the value of the Euro in UK. That means you will be in effect of getting less ink per cartridge for your Euro. During these austere times buying Irish is the best way to support the economy. Many suppliers offer multipack deals that can make the ink cartridges in Dublin for as low as €1 a cartridge. Help your business now, keep start buying your ink cartridges in Dublin until the Euro makes it way back up to where it belongs.
Expect a technical bounce this morning capable of reaching DJIA 12,895 (S&P 500: 1377) before Friday. Rally failure risk is high. Test of Tuesday lows likely.
Shares in European financial institutions took another major hit as concerns over the Italian government caused the yields on their treasury bonds to move past 7 percent.
Good news out of Italy and Greece buoys stocks going into the weekend, as risk level abates. The potential for an upside breakout per a move above DJIA 12,200.
It's decision time for Greece and Italy. Expect a sharp rebound into Friday possibly to DJIA 12,030 (S&P 500: 1255) - a sell off late Friday without good news.
Greek Prime Minister Lucas Papademos is negotiating with other Greek politicians to accept a draft deal that could restructure Greek debt and stave off default.
Yesterday's news of a Greek deal was unfounded. These developments could result in a weak market today, with a drop in the major indices a possibility.