SCOREBOARD: Greek relief

Global equities receive a boost as Greece's parliament clears the way for its next bailout.

Equities around the globe got a bit of a boost on news that the Greek parliament approved the reform program, necessary for the Troika to sign off on the next bailout. Next up, Euro area finance ministers meet on February 15 for another extraordinary meeting on Greece and then national parliaments vote on it. Two more weeks of this – awesome. The intention is to tie it up by March 1 and we can only pray to our respective deities that this is indeed the case. It would truly be a miracle. Moves were pretty big in some cases, and in Athens, stocks rose 4.7 per cent. More modest gains were seen elsewhere with the Dax up 0.7 per cent, the CaC up 0.3 per cent and the FTSE up 0.9 per cent.


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