Greek Euro Exit Fears Ease

    ATHENS, GREECE - FEBRUARY 17:  The EU flag flies in front of the Parthenon on the Acropolis on February 17, 2012 in Athens, Greece. Following a meeting on Wednesday, finance ministers across the Eurozone are calling for greater scrutiny and oversight of Greece's proposed budget cuts in order to approve the latest 130 billion euro bailout package. The package, which is anticipated to be finalised on February 20, 2012, is essential for Greece to avoid defaulting on a 14.5 billion euro bond it is due to repay in mid-March.  (Photo by Oli Scarff/Getty Images)

    Oli Scarff / Getty Images

    One day at a time. European stocks recovered Monday as anxiety over the possibility of Greece exiting the euro zone eased off. New polls showed that political parties in Greece that support the bailout had gained a lead among voters, and though the margin was hardly enough to constitute an electoral landslide, it was enough. “Anything that allays fears over Greece is a positive,” said equities trader Adrian Slack. “People are just looking for a bit of respite.” A spoonful of positive news was more than enough to kick markets into gear, however, and investors say that trend may continue as Greek elections near. “Heading into the Greek elections ... reactions to any positive news may be bigger than those to negative news,” one currency analyst said.

    Read it at CNBC