When posting your discussion response, make sure that you answer the following questions and provide a link of a site that supports what you have provided for your discussion response. If you do not add a link along with your discussion response you will receive half of the credit for the discussion assignment.
How did stock markets in Greece, Europe, and the United States react to Greece's last-ditch proposal to avert the country's bankruptcy?
How would you explain these reactions?
Does it make sense for the Greek government to wait this long to come up with this proposal? Why or why not?
Why do you think yields on Italian and Spanish bonds fell on the news?