{"page":"\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/resources-572d6a42.css\" /\u003e\n\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/lp_boclips_stylesheets-f4d0de30.css\" media=\"all\" /\u003e\n\u003cdiv data-title='World stocks fall before Greek debt deal deadline' data-url='/boclips/videos/5c54bc0fd8eafeecae129cf7' data-video-url='/boclips/videos/5c54bc0fd8eafeecae129cf7' id='bo_player_modal'\u003e\n\u003cdiv class='boclips-resource-page modal-dialog panel-container'\u003e\n\u003cdiv class='react-notifications-root'\u003e\u003c/div\u003e\n\u003cdiv class='rp-header'\u003e\n\u003cdiv class='rp-type'\u003e\n\u003ci aria-hidden='true' class='fai fa-regular fa-circle-play'\u003e\u003c/i\u003e\nVideo\n\u003c/div\u003e\n\u003ch1 class='rp-title' id='video-title'\u003e\nWorld stocks fall before Greek debt deal deadline\n\u003c/h1\u003e\n\u003cdiv class='rp-actions'\u003e\n\u003cdiv class='mr-1'\u003e\n\u003ca class=\"btn btn-success\" data-posthog-event=\"Signup: LP Signup Activity\" data-posthog-location=\"body_link_boclips\" data-remote=\"true\" href=\"/subscription/new\"\u003e\u003cspan\u003e\u003cspan\u003eGet Free Access\u003c/span\u003e\u003cspan class=\"\"\u003e for 10 Days\u003c/span\u003e\u003cspan\u003e!\u003c/span\u003e\u003c/span\u003e\u003c/a\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-body'\u003e\n\u003cdiv class='rp-info'\u003e\n\u003cdiv aria-label='Hide resource details' class='rp-hide-info' role='button' tabindex='0'\u003e\u0026times;\u003c/div\u003e\n\u003ci aria-label='Expand resource details' class='rp-expand-info fai fa-solid fa-up-right-and-down-left-from-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003ci aria-label='Compress resource details' class='rp-compress-info fai fa-solid fa-down-left-and-up-right-to-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003cdiv class='rp-rating'\u003e\n\u003cspan class='resource-pool'\u003e\n\u003cspan class='pool-label'\u003ePublisher:\u003c/span\u003e\n\u003cspan class='pool-name'\u003e\n\u003cspan class='text'\u003e\u003ca data-publisher-id=\"30356011\" href=\"/search?publisher_ids%5B%5D=30356011\"\u003eCurated Video\u003c/a\u003e\u003c/span\u003e\n\u003c/span\u003e\n\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-description'\u003e\n\u003cspan class='short-description'\u003e1. Various wide shots of  Frankfurt Stock Exchange trading floor and traders2. Various of traders3. Close of graph4. SOUNDBITE (German) Andreas Lipkow Trader and Analyst at MWB Fairtrade Bank:\"Yes there would legally be a default if the...\u003c/span\u003e\n\u003cspan class='full-description hide'\u003e1. Various wide shots of  Frankfurt Stock Exchange trading floor and traders\u003cbr/\u003e2. Various of traders\u003cbr/\u003e3. Close of graph\u003cbr/\u003e4. SOUNDBITE (German) Andreas Lipkow Trader and Analyst at MWB Fairtrade Bank:\u003cbr/\u003e\"Yes there would legally be a default if the quota (of the Greek bond swap) will not be high enough, but I think that the pressure is high enough so that quota will be reached. I don't really see any repercussions for the international markets by a default by Greece as that is already anticipated by the markets. The ratings agencies have already reacted and downgraded the bonds, interesting for the markets would be mandatory CDS (Credit Default Swaps) payoff as that would become very expensive for some market participants.\"  \u003cbr/\u003e5. Close of figures on stock board\u003cbr/\u003e6. Wide of trading floor\u003cbr/\u003eWorld stock markets were mostly lower on Wednesday as jittery investors awaited a deadline for Greece to get sufficient support from its private creditors for a debt reduction deal or face default.\u003cbr/\u003eEuropean stocks were mixed in early trading. Germany's DAX lost 0.2 percent to 6,619.91.\u003cbr/\u003eBritain's FTSE 100 was marginally down at 5,762.73 but France's CAC-40 rose 0.1 percent to 3,366.10.\u003cbr/\u003eThe losses in stock markets came a day after Wall Street had its first big stumble of 2012 on Tuesday, with the Dow Jones industrial average dropping more than 203 points.\u003cbr/\u003eThe big concern among investors is a deadline Thursday for Greece's private bondholders to accept a deal to swap their Greek government bonds for replacements with a lower face value and interest rate.\u003cbr/\u003eThe swap is vital for Greece to cut its debt and get a bailout of 130 (b) billion euro (172 billion US dollars) from other countries and the International Monetary Fund. \u003cbr/\u003eWithout the bailout, Greece could default on its debt later this month and rattle markets around the world. \u003cbr/\u003e\"Yes there would legally be a default if the quota (of the Greek bond swap) will not be high enough, but I think that the pressure is high enough so that quota will be reached,\" Andreas Lipkow, a trader at MWB Fairtrade Bank said.   \u003cbr/\u003e\"I don't really see any repercussions for the international markets by a default by Greece as that is already anticipated by the markets. The ratings agencies have already reacted and downgraded the bonds.\"\u003cbr/\u003eA report showing that the combined economies of euro countries shrank at the end of 2011 and talk of war from Israel over Iran's nuclear programme also weighed on investors' nerves.\u003cbr/\u003e\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='action-container flex justify-between'\u003e\n\u003cbutton aria-expanded='false' aria-label='Read more description' class='rp-full-description' type='button'\u003e\n\u003ci class='fai fa-solid fa-align-left'\u003e\u003c/i\u003e\n\u003cspan id='read_more'\u003eRead More\u003c/span\u003e\n\u003c/button\u003e\n\u003cdiv class='rp-report'\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv aria-labelledby='resource-details-heading' class='rp-info-section'\u003e\n\u003ch2 class='title' id='resource-details-heading'\u003eResource Details\u003c/h2\u003e\n\u003cdiv class='rp-resource-details clearfix'\u003e\n\u003cdiv 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