Mom sold baby to buy car, police charge

A Florida woman was charged with trying to sell her infant son in order to pay for a new car, police said Tuesday.

The baby’s grandmother brokered the deal and initially demanded $75,000 but agreed to cut the price to $30,000 when told the prospective buyer could not get a bank loan, the Florida Department of Law Enforcement (FDLE) said.

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Investors skeptical on record Greek bailout

Financial markets reacted skeptically on Monday to a record 110 billion euro ($146 billion) EU/IMF bailout for Greece, with investors expressing doubts whether it would solve the euro zone’s debt crisis.

Despite Sunday’s agreement by European finance ministers on an unprecedented three-year loan package, the euro fell as markets questioned the ability of the Greek government to push through new austerity measures pledged in exchange for aid and worried other euro states may be vulnerable.

In contrast to the euphoria that greeted past IMF rescues, Greek bond yields eased only slightly compared to benchmark German bunds, falling back to levels reached 10 days ago before last week’s market panic over a possible Greek default.

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Greece readies austerity measures, markets steady

Greece readied severe austerity measures Thursday to secure a multi-billion euro aid package needed to avoid default, providing relief to financial markets but drawing threats of a mighty battle from Greek unions.

A union official said the International Monetary Fund had asked debt-ladden Greece to raise sales taxes, scrap salary bonuses amounting to two extra months of pay in the public sector and accept a three-year pay freeze.

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