BALTIMORE (Stockpickr) -- Europe's back in the spotlight again, as Greece hits another speed bump on the road to financial recovery. Greece is hand-wringing over the decision to accept a 130 billion euro stabilization package that comes with strings attached -- the terms for the rescue package include austerity measures that Greek politicians aren't agreeing to yet.
So what does all of this mean for stocks?
In late 2011, the eurozone debt debacle was a driving force in the U.S. stock market, pushing equity prices markedly lower as uncertainty in the global financial system ratcheted higher. Today, things have changed a bit. Improved investor sentiment and positive economic data are overshadowing the situation in the EU -- at least for now.
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