Cartoonist Tony Auth on the Greek crisis.
Global markets are on edge today after it was learned over the weekend that Cyprus would be getting a bank bailout from the European Central Bank, along with a very controversial provision that could hurt every citizen in the country.
After a big drop this morning, U.S. stock markets rebounded a bit on news that Greek Prime Minister George Papandreou probably won't get his disastrous referendum after all.
Greek Prime Minister George A. Papandreou has upset European leaders (and their financial markets) by calling for a public referendeum on the negotiated bailout package that he had agreed to last week.
Stocks up in Europe and the United States as a bailout extension is expected for Greece
The struggling nation will raise revenue, but will it be enough to secure more Euro aid?
Interest rates for some corporations lower than those of the two European nations
The economic crises in Greece, Portugal and Italy is starting to catch up to Europe
The rating agency cites a "growing risk" the nation will need a second bailout
The Greek Parliament is voting right now on the unpopular measures
Today's Euro Zone package is roughly the same size as last year's
But the big obstacle--a parliamentary vote--lies ahead
Prime Minister George Papandreou survived a confidence vote
So it's okay to make fun of people if they're not fit?
Thousands of Greeks protested austerity measures today
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