Greece: Back from the brink

After a significant breakthrough, investors must now stay fully alert to what happens next in Greece.

Summary: Greece and eurozone leaders say they have reached an agreement on a new debt deal following intense negotiations this weekend. However, the austerity measures still must be voted on by the Greek parliament on Wednesday.

Key take-out: Even if the austerity measures aren’t approved, the effect on the market will be limited when considering the other option that was proposed this weekend: An orchestrated, staged departure that would occur over many months.

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