Debt plan compromise is reportedly close, which could give global markets a bounce. A default would add huge stress to already slumping markets.
Debt problems in US, Europe don't stop investors from buying up stocks. But analysts warn debt woes remain markets' primary concern.
Greece itself may be facing financial turmoil, but sales of Greek-style yogurt are booming in the US. The most popular brand, Chobani, sold about $500 million in yogurt last year.
Investors in Europe have set their sights on Italy, speculating that if a Greek bailout isn't approved and Athens defaults on its government debt, Italy is next.
Since last year's flotilla debacle killed nine Turkish activists, Israel has cultivated ties with Greece, offering the debt-ridden country generous military aid.
The Greek coastguard escorted a US boat seeking to join the Gaza flotilla back to port and said it will stop all other attempted departures. It looks like a big diplomatic victory for Benjamin Netanyahu.
Palestinian children play with colored parachutes at an event organized by the United Nations Relief and Works Agency (UNRWA) seeking to achieve a world record for the largest number of people flying parachutes from the ground, at a sports stadium in Khan Younis, southern Gaza Strip. The event was part of the 'Summer Games,' a six-week summer camp organized by UNRWA to provide a recreational outlet for children in the Gaza Strip.