SCOREBOARD: Moody markets

US and European markets finished in the red despite some decent data, as Greece overshadowed the EU's summit.

It appears that discussions Greece is having with Europe about its commitment to reform have overshadowed formal agreement at the European Summit to introduce Europe’s permanent bailout fund (due to take place in July, with treaty changes to follow). Germany wants closer European monitoring of Greece so that they adhere to their agreements, to which the Greeks have said no. And so the talks continue.

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