The agreement will see Greece cut its debt by $51 billion, clearing the way for new loans of around $60 billion. Analysts say this makes it unlikely that Greece will default on its debt or pull out of Europe's currency, the Euro.
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We've heard about how U.S. and European sanctions on Iran have caused that country's currency to plummet and how Iran is now buying up gold and trying to dump its own currency outside its borders. Well, Iran is part of a regional economy and the falling currency is starting to hurt at least one of Iran's neighbors. NPR's Kelly McEvers sent this report from southern Iraq.
Baltimore has thousands of abandoned houses. It also has one of the nation's most comprehensive programs to clean them up. It focuses on selling houses in neighborhoods near key employers and other attractions, and demolishes buildings in less viable areas of the city. But the plan requires government officials to make some hard choices about which neighborhoods are worth saving.