BANGKOK (AP) - Asian stock markets rose today after talks over Greece's financial crisis ended with an agreement on how to reduce its debt load, paving the way for the cash-strapped country to receive the next installment of a bailout loan.
Greece has endured five years of recession and a 25 percent unemployment rate. It has been locked out of the international long-term debt market by exceptionally high interest rates demanded for its bonds since 2010, and has been relying on funds from rescue loans by other euro countries and the IMF.
Benchmark crude oil rose to near $88 per barrel. The dollar fell against the euro and the yen.
First Coast News