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    Euro Stocks Rise on Greek Deal

    A financial trader speaks on a telephone while monitoring data at the Frankfurt Stock Exchange during the last day of trading for 2011 in Frankfurt, Germany, on Friday, Dec. 30, 2011. The euro weakened for a sixth day against the yen, heading for a second annual drop, and European stocks pared their advance amid mounting concern that austerity measures to counter the region's debt crisis will slow growth. Photographer: Simon Dawson/Bloomberg via Getty Images

    Simon Dawson, Bloomberg / Getty Images

    Stocks rose on European markets Tuesday after German Chancellor Angela Merkel secured her country’s approval for a second bailout of Greece. Merkel has warned that Greece must stay in the euro zone and that removing the country would do “incalculable” damage. The latest bailout for Greece totals €130 billion, approximately $175 billion. Analysts say that there is room for European markets to continue to rise, pointing in particular to the German economy’s expected growth over the coming year.

    Read it at Bloomberg