Yesterday, the European Union and IMF agreed to a $1 trillion emergency rescue package to, as Reuters put it, "stabilize world financial markets and prevent the Greek debt crisis from destroying the euro currency." One investment strategist said, "The authorities have put in place the mother of all aid plans, in an effort to prevent further losses in confidence"; Bloomberg News says those losses in confidence resulted in $3.27 trillion being wiped from the value of the global stock market last week. The Dow Jones just opened up 339 points (3.27%); CNBC reminds us, "This comes after last week's nauseating selloff that sent the Dow below 10,400."
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