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Global Markets Update: Dallara Committed to 'Voluntary' Greek Agreement

Tuesday, 24 Jan 2012 | 11:28 AM ET

European markets are lower, mostly due to concerns over Greek debt talks. The IMF says a recession in Europe will slow the global economy this year. The IIF's Dallara tells CNBC he remains committed to getting a voluntary agreement on Greek debt. Italian prosecutors raid the offices of ratings agency Fitch. The country is also probing S&P and Moody's over potential market manipulation. With Bank of America's Michelle Meyer and Joe Terranova, Virtus Investments, on housing.