Posted: Mar 12, 2012 11:15 AM
Source: Associated Press
NEW YORK - Greece is closer to fending off default, but that hasn't given U.S. markets much of a boost.
Stocks struggled for direction after the country announced that its investors would agree to take big losses on the Greek government bonds they hold.
That should help Greece avoid default by lightening its crushing debt load.
But it will also make investors hesitant to invest there again.