Feb 9, 2012

Marketplace Index for Thursday, February 9, 2012

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After weeks of brinksmanship, missed deadlines, and late-night negotiations, Greek politicians finally signed off on the long-awaited austerity measures demanded by the European Union, the European Central Bank and the International Monetary Fund. Their reward? A bailout of about $172 billion from the European Central Bank. Douglas Elliot, a senior fellow at the Brookings Institute, says the markets have seen this deal coming for so long that it had already been priced in. And the Daily Pulse quickened today on news that some justice is coming to the creators of a housing bubble in the U.S. that culminated in a seemingly endless foreclosure fiasco. How much justice? About $25 billion worth.

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Greece's hard road ahead

Feb 9, 2012
With a $172 billion bailout in place, Greeks' futures are looking austere.

After weeks of brinksmanship, missed deadlines, and late-night negotiations, Greek politicians finally signed off on the long-awaited austerity measures demanded by the European Union, the European Central Bank and the International Monetary Fund. Their reward? A bailout of about $172 billion from the European Central Bank. Douglas Elliot, a senior fellow at the Brookings Institute, says the markets have seen this deal coming for so long that it had already been priced in. And the Daily Pulse quickened today on news that some justice is coming to the creators of a housing bubble in the U.S. that culminated in a seemingly endless foreclosure fiasco. How much justice? About $25 billion worth.