Blink

Away from the brink, for at least a while, in Greece:

Greece reached a deal with its European creditors Monday, pledging stringent austerity to avoid an exit from the euro and the global financial chaos that could have followed.

The deal calls for Greeks, already reeling from harsh measures and economic decline, to cut back even further in exchange for more loans without which its financial system would surely collapse. The deal, which still needs approval from Greece's parliament, will be the country's third bailout in five years.

I'll admit it -- I wanted to see what would happen if there were a Grexit. The creditor nations, particularly Germany, couldn't afford to blink, especially with Portugal and Italy standing in the wings. We'll continue to watch the story.