Wall Street Breakfast: Greek Bailout Extension Clears German Hurdle
Feb. 27, 2015 6:30 AM ET | by Wall Street Breakfast | includes: spy, qqq, aapl, ba, bcs, eadsy, eric, gme, hlf, jcp, lyg, msft, nok, rsh
Economy
Germany's parliament approved an extension of Greece's bailout today after Finance Minister Wolfgang Schaeuble spoke in favor of the deal, telling parliament: "We Germans should do everything possible to keep Europe together as much as we can." The Bundestag vote was the only major parliamentary hurdle for the four-month extension to the bailout program, as other EU countries are expected to vote in favor of the deal, approved by eurozone finance ministers earlier this week.
India’s Finance Ministry has projectedthe country's economic growth to accelerate to a four-year high of between 8.1%-8.5% in the fiscal year starting April, making the South Asian nation one of the fastest-growing economies. The latest projection is much higher than the 7.4% growth the ministry forecast for this fiscal year, as falling oil prices and the government’s commitment to implementing economic reforms have improved the country's outlook
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