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The director-general of civil aviation on Sunday gave the green signal to Jet Airways to resume its flights to and from the US and Canada via Athens in Greece from Monday, an official said in Mumbai.

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.

Pressure on Greece looks more likely to lead to a cancellation of the referendum, and the market's resilience yesterday perhaps hinted that this outcome was likely.

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.

Greece is the land of the Olympics. This is where it all started many, many years ago. The modern games resumed more than a 100 years ago again in Athens, but it's the real Ancient stuff that gets most people going. Make sure to see all these old sport icons in and around the great city of Athens. Make sure you have a lot of digital space on your camera as you're going to take a lot of pictures.

The International Monetary Fund (IMF) Sunday approved a three-year, 30-billion-euro ($38-billion) loan to Greece, the IMF said at its headquarters in Washington.

The European Central Bank (ECB) and International Monetary Fund (IMF) stepped up pressure on Germany Wednesday to expedite a bailout for debt-stricken Greece, as signs emerged that Athens may need more money than first thought.

European Union finance ministers have agreed on a bailout package of nearly USD 1 trillion (750 billion euro) for Greece, as part of their concentrated efforts to prevent the debt crisis contagion from spreading to other nations.

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.

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.

Agreement in Greece paves way for bailout, which market anticipated.Some selling into early rally and after 25% surge since October suggests some consolidation.

A brief consolidation likely as worries about Greece, Iran and rising oil prices abate,leaving a slowdown in global economies as the primary negative.

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?

This market acts like it wants to fly, but still has a few hurdles in its way - Greece, for one, politics for another, and @1 earnings. Take heart !

While Greece seems to have sorted out its mess for now, the focus has shifted to Italy with speculation that Italian Prime Minister Berlusconi possibly stepping down.

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.

Chinese stocks fell after European leaders failed to make progress on the debt crisis in Greece and the Fed did not give any indication it would launch a new round of loose credit.

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.

Italy and Greece are the main focus right now on Wall Street, and each has undergone major leadership changes in hopes of expediting economic reform.

China stocks made up much of Monday's decline as Mainland and foreign markets showed some strength and good news emerged about the debt crisis in Greece.