NEW YORK-The euro rose modestly against the dollar yesterday, a day after Greek leaders approved sharp cost-cutting measures. The cuts were needed so that Greece can get a $170 billion bailout package and avoid defaulting on its debt. A default could cause losses for European banks, hurt other countries that use the euro and disrupt global markets. The budget measures, approved Sunday, call for cutting government jobs and slashing Greece's minimum wage. Rioters took to the streets of Athens during the vote, burning buildings and looting stores. (AP)
