The German Parliament today agreed to a $95 billion bailout for Greece. That's a rare piece of good news for the country. But the Greeks aren't rejoicing yet, as they face harsh, new taxes.
Voters in Greece have thrown their support behind Alexis Tsipras, the leader of a left-wing, anti-austerity party called Syriza. Tsipras says his first task as prime minister will be to renegotiate the tough economic measures imposed on Greece by the Eurozone, the International Monetary Fund and the European Central Bank. Tsipras says he wants to give Greeks their dignity back.
Argentina defaulted for the second time in 13 years after last-ditch talks with US hedge funds collapsed. Many Argentines worry that unless a deal is reached, another default could crash the peso and lead to inflation and unemployment.