How to Play the Euro
What a difference a couple of days makes. After riding high on one of the most powerful rallies in recent financial memory, global markets have fallen off a cliff.
Only a week ago, European leaders had agreed on a new 130 billion euro ($180 billion) bailout package for Greece, and a semi-coerced 50% "voluntary" haircut on Greek bonds. But yesterday, Greek Prime Minister Papandreou threw a spanner in the works, calling for a referendum on whether Greece will accept his government's strategy of slashing public spending and raising taxes in return for loans to help bail out his country. Apparently, Papandreou went completely off book, as he failed to consult even his finance minister before announcing plans for referendum....352 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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