GLOBAL MARKETS-Greek austerity vote lifts euro, shares

Posted by Richard Hubbard

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Greek parliament passes unpopular package of cuts. Stocks and the euro rose on Monday on relief over sweeping austerity measures passed by the Greek parliament, but gains looked fragile with several issues still to be resolved before the shadow of a messy debt default is lifted.

U.S. stock index futures pointed to a recovery for equities on Wall Street after delays in agreeing a new Greek bailout deal sent the S&P 500 index to its biggest daily loss of the year on Friday.

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