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Global markets have been in turmoil as the debt crisis threatened to spread to other countries.




Consensus that the relief package will be larger than originally expected is helping to shore up confidence in the euro


"I want to underline that this exercise has been done not only for Greece, but for every euro member state and their citizens to safeguard the financial stability in Europe and globally,"


Prospects of an imminent deal fueled a sharp rebound on the Athens Stock Exchange and helped the 16-nation euro climb out of a one year low against the U.S. dollar.