Greece Accepted Stringent Austerity Measure, Grexit Avoided, For Now

Greece dramatically reached an agreement with the creditors, sending stock markets higher. The deal, which Nobel prize-winning economist Paul Krugman criticized as vindictive, constituted a series of stringent tightening measures. Wall Street gained with the DJIA and the S&P 500 indices rising +1.22% and +1.11% respectively.

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Greece Accepted Stringent Austerity Measure, Grexit Avoided, For Now