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| European troubles.
Euro has fallen hard last week, in a move attributed to troubles on the continent. Greece and its budgetary problems dominate the news. European Central Bank and Greek financial authorities continue debating possible relief for the country. Some are denying possibility of bailout, while others want to see drastic cuts in domestic spending. Greek bonds suffered in the aftermath, with yields shooting up by about one full percentage point in a week, to almost 7%, the highest rise on record. This issue is still unsolved and another one emerges ...
(Sunday, 01.31.2010.)
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