The conditions the European Union set for Greece in exchange for a second bailout represent a very unusual amount of outside control and oversight of a sovereign country.
European Union leaders agreed to a €130 billion ($172 billion) bailout deal for Greece early this morning after a long night of negotiations. Here are five key elements of the bailout deal.
The EU agreed to give Greece a $170 billion bailout, rescuing the country from a default next month. But after five years of recession, the economic outlook is still not promising.
European governments are expected to sign off on a second bailout for Greece today. But conditions set on rescue money have fueled populist unrest in southern Europe.
US stocks are a better place to put your money than gold, according to Warren Buffett. But gold prices are only going up, and gold is a far less risky investment than US stocks.
Though Athens is still taking steps to contain the damage, most of Europe is skeptical that Greece will dodge a default.
After losing for most of the day, the Dow rallied to close up four points at 12878 on late reports that suggested the unraveling Greek debt talks might be saved after all.
The Greek Parliament voted last night to slash the minimum wage and public sector jobs in exchange for a bailout, despite public fury that led to Molotov cocktails and tear gas.
Rioting broke out in Athens, with fires engulfing multiple buildings, as Greek citizens protested against a government plan to slash wages and eliminate government jobs in exchange for an international bailout.
Stocks fall on worries over roadblock to an agreement on Greece's sovereign debt, marking the first losing week for stocks in 2012. Dow falls 89 points, S&P falls 9 points.