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Greece Riots as EU Nears Agreement on Bail-Out

Protesters stormed the office of the Greek Finance Minister to vent their anger at the austerity measures the government is imposing to address the nation’s debt crisis. EU Commission Chief Jose Manuel Barroso told a news conference that he is “confident” talks underway to arrive at a bailout package for Greece, will be approved in time to meet the May 19th deadline. The Greek government says it needs emergency funding to cover debt payments due on the 19th of more than $10 billion.

“I’m confident that the talks will be concluded soon, meaning in the next days,” Mr Barroso told a news conference following the clashes.

“We believe that these solutions will be conducive to our actions and will prevent further possible effects of the contagion.”

Source: BBC News

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May
24
Today’s Global
Market Events
8:30am

CAD
Corporate Profits q/q
9.0%
USD
Core Durable Goods Orders m/m
1.1% vs. -0.8%
USD
Unemployment Claims
372K vs. 370K
USD
Durable Goods Orders m/m
0.5% vs. -4.0%
9:00am

EUR
ECB President Draghi Speaks
EUR
Belgium NBB Business Climate
-10.6 vs. -10.7
10:30am

USD
FOMC Member Dudley Speaks
USD
Natural Gas Storage
77B vs. 61B
1:00pm

USD
FOMC Member Dudley Speaks
3:00pm

USD
Treasury Sec Geithner Speaks
7:30pm

JPY
Tokyo Core CPI y/y
-0.5% vs. -0.5%
JPY
National Core CPI y/y
0.1% vs. 0.2%