Markets turn to periphery in wake of Greek package


Last week's rally in European bond markets looks to have reversed as investors consider the broader implications of Thursday's deal for peripheral countries in Europe.
On Thursday, euro area leaders met in Brussels to agree on a €109 billion ($156 billion) bailout deal for Greece that included a more active role for the European Financial Stability Facility (EFSF) and private sector involvement to reduce Greece's debt. The package, which also included lower interest rates for loans to Portugal

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