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Euro Stocks Rise on Greek Deal

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.