A look at economic developments and activity in major stock markets around the world Friday:

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BRUSSELS _ Greece will get $7.7 billion in new bailout money on Monday _ the first slice of a new rescue package meant to keep the country afloat while it overhauls its economy _ a European Union official said.

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BERLIN _ German Chancellor Angela Merkel signaled some flexibility Friday on strengthening the 17-country eurozone's financial firewall, but insisted that there would be no increase in the headline value of the continent's rescue fund.

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LONDON _ In Europe, the FTSE 100 index of leading British shares was up 0.42 percent while the CAC-40 in France rose 0.41 percent. Germany's DAX was 0.1 percent.

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TOKYO _ In Asia, shares took a breather following a strong run earlier this week.

Japan's Nikkei 225 index closed 0.06 percent higher. Mainland Chinese shares advanced with the benchmark Shanghai Composite Index gaining 1.3 percent. Hong Kong's Hang Seng fell 0.2 percent and South Korea's Kospi dropped 0.5 percent.

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MADRID _ The Bank of Spain said that the country's debt stood at 68.5 percent of GDP at the end of 2011, the highest ratio since 1995.

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BRUSSELS _ An EU report says Greece must make a sustained effort to attract future investment and support export-led growth as it seeks to recover from a recession that is now in its fifth year.

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MUMBAI, India _ India pledged to reduce its deficit by capping subsidies and raising taxes in a new budget that gave investors little hope the weakened ruling party would enact long-promised economic reforms.

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