Athens (AFP) - 09:19 GMT - The pension question - Greece's generous state pension system was at the heart of fraught talks between Athens and its creditors, who argued that the public pension system is simply too expensive and unsustainable. 09:10 GMT - Latin America cheers Greece - A handful of countries across Latin America congratulated Greece on its Sunday referendum in which voters rejected creditors' austerity demands. Argentine President Cristina Kirchner, whose country defaulted on a mountain of debt more than a decade ago, called the vote a victory.
By Samuel Shen SHANGHAI (Reuters) - Chinese stocks rose on Monday, as an unprecedented series of support measures unleashed by Beijing brought some relief to a market whose headlong slide over the past three weeks had raised fears about the stability of the world's second-biggest economy. In an extraordinary weekend of policy moves, brokerages and fund managers vowed to buy massive amounts of stocks, helped by China's state-backed margin finance company, which in turn would be aided by a direct line of liquidity from the central bank. Oliver Barron, China policy research analyst at NSBO, said it wasn't just faith in the markets at stake after investors had ignored official measures to prop up equities as indexes slid around 12 percent last week.