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Tag Archives: Euro depreciation

Traders Short $8Bn Euros, Threaten New Crisis

Traders Short $8Bn Euros, Threaten New Crisis

Financial markets continue to be roiled this week over fears that a European debt crisis could derail the global recovery. Investors are spooked by the debt problem in Greece – a possible precursor of what may happen in the U.S. Investors fear Greece may default on its sovereign debt, or require a bailout from already strapped European governments. Those concerns are spreading to other financially troubled governments in Europe.

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