Top 10 News Items 02/10: Greece Drags Toward Its Latest Bailout; DoJ Offers Details Into Foreclosure Probe; Diamond Foods Debacle
Here is a recap of the top news items from this week on Wall Street:
1. As Greek officials stamped out the final details of the nation's latest austerity package, the nation dominating headlines returned to the stock market once again this week. The EU has required Greece to cut its debt to below 120 percent of GDP by 2020, however, the latest austerity measures would put the country's debt level at 136 percent of GDP. A number of EU officials have already suggested political leaders head back to the drawing board so as to make further budget cuts. Greece's parliament will vote on the austerity package this weekend. Social unrest in Athens has been widespread following the outline of the measures.
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