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Investments in Wake of Greek Tragedy: Traders Turn Risk Averse

Posted by: RateAPY Bank Rates News
May 6th, 2010

The stock market has been hammered for four straight days as investors seek safety once again. Three are dead in Greece because protesters set fire to a bank near Athens. Protesters are angry with the government for planned spending cuts and tax increases. Sovereign debt issues in Greece require 110 billion Euro in bailout funds. Traders are watching Greece, fearing the same fate could happen in other countries with more debt than can be safely managed.

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