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The European Commission, the European Central Bank, and the IMF began meetings in Greece today -- they'd like to know what structural reform progress has been made in return for billions in bailout money.
But experts say the yuan is still substantially undervalued against the U.S. dollar. And the change won't mean much improvement in the persistent U.S.-China trade imbalance.
Euro leaders say they are committed to Greece staying with the euro, but talk of an exit is growing louder. Finance ministers have advised euro zone members to draw up contingency plans for what's being called an "amiable divorce" from Greece.
After turning down a similar package in June, Egypt goes back to the International Monetary Fund for help as its economy weaken and interest rates increase.
After months of wrangling and a marathon meeting yesterday, European finance ministers have agreed on a $170 billion plus bailout for Greece. That'll save the country from a messy default, but stability can be hard to get too excited about, for Greeks and banks that owned Greek bonds -- especially with the harsh terms of the agreement.