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Global Markets Update: Greeks Warn of 'Social Uprising' Over Austerity Measures

Thursday, 9 Feb 2012 | 11:28 AM ET

Greek political leaders agree on austerity measures and warn there will be a "social uprising" over the agreement. As a result, the markets in Europe end the day higher, but off the day's best levels. The ECB and Bank of England leave key interest rates unchanged. The Bank of England adds 50 billion pounds to quantitative easing program. And Spanish government bond yields rise as new issue tempers demand.