Markets dive as EU and IMF reach deal on Greece

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EUROPE- The EU and IMF have reached a deal on Greece which should prevent a default, but will involve a new round of austerity measures for the beleaguered nation.

Markets across Europe plummeted on the news, with the EUROSTOXX 50 down 1.29%, the CAC 40 1.54% lower and the German Dax down 1.23%. UK shares extended early losses, with the FTSE 100 falling ne...

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