First on EU/Greece saga

Reuters was first with a series of market-moving breaks in the EU-Greece budget saga from the European leaders summit on Feb. 11. Reuters was 10 minutes ahead with a source-based story that the EU had a deal to help out Greece, sending the euro and stock markets scurrying higher worldwide. We were also three minutes ahead with EU President Van Rompuy’s announcement that leaders had indeed struck a deal, though lack of specifics and realization of a structurally weaker euro going forward then weighed heavily on the currency. Reuters coverage sealed its reputation as the fastest and most reliable source of information on the crisis.