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From the marktes: Only moderate reaction of European equity markets to Greek deal

February 22, 2012
European equity markets seemed unimpressed by the Greek bailout-deal reached yesterday and so to say ?sold the fact.?

However, Italian and Spanish bond yields fell moderately amid optimism the euro crisis will be contained after the break-through for the Greek bailout. Meanwhile, Spain successfully auctioned EUR2.5 bn money market bills at lower costs than at the last comparable auction.