A Look at the Markets at Home and Abroad with Joe Nocera

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International Monetary Fund Managing Director Christine Lagarde (L) and Eurogroup president Jean-Claude Juncker give a press conference following an Eurozone meeting on February 21, 2012.
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Greece has once again narrowly avoided defaulting on their $172 billion debt by agreeing to more austerity measures and selling off profits to euro zone countries. However, it's unlikely this development will ease the dire situation of its population: nearly 20,000 Greeks are homeless and 21 percent are unemployed. Stateside, there were signs of recovery when on Tuesday the Dow hit 13,000 for the first time since 2008. But if the last four years have proved nothing else, it's that what happens across the globe can directly impact a market at home.

Joe Nocera is op-Ed columnist for our partner The New York Times.