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| | | ... days on the thinking that the Europeans are getting close to resolving or having one voice in terms of dealing with the Greece and Italian situation... which reflects on our market," he said. The energy sector continued to help the market higher, with ... |
| | | | ... euro zone debt crisis. The news came as markets were already trading up after France and Germany issued a joint defence of Greece, insisting its place was in the euro zone despite market sentiment it might default. The EU said on Thursday its economic ... |
| | | | It's still the word - Greece, that is. "In the face of the extensive rumbas of the last few days, it was stressed by all that Greece is an integral part of the Eurozone." This was Greek government spokesman Elias Mossialos' announcement to the world ... |
| | | | ... Composite rallied 40.40 points (1.60 per cent) to 2,572.55. Talks between the leaders of Germany, France and debt-ridden Greece, as well as comments by European Commission head Jose Manuel Barroso about the need for unified "eurobonds," helped lift the ... |
| | | | "The top priority is to avoid an uncontrolled insolvency, because that wouldn't just hit Greece and the danger that it hits everyone, or at least a number of other countries, is very big. I have made my position very clear: that everything must be done ... |
| | | | ... rally capped off a rollercoaster day as investors hoped that talks on Wednesday between the leaders of Germany, France and Greece would help rein in the financial turmoil emanating from the eurozone. On Wall Street, industrials and tech companies were ... |
| | | | Seen on Bloomberg this morning: "Greece Default Risk Jumps to 98%" (over the next five years). Duh! I don't know what financial markets have been smoking but as far I'm concerned Greek's been cactus ever since it's debt-to-GDP ratio hit 140% and real ... |
| | | | ... 10-year bonds issued by Germany and the United States to historic low levels. Borrowing prices fell for France as well. Greece announced on Sunday 2 billion euros ($A2.62 billion) in budget cuts demanded by the EU and the IMF to unlock more funds under ... |
| | | | ... points on a volume of 38,239 contracts. Commsec market analyst Steven Daghlian said the sell-off reflected concerns about Greece potentially defaulting on its massive debt. "Banks were not exempt from the sell-off, due in part to the US and European ... |
| | | | ... longer they wait, the greater the chance of a double-dip. As for Europe, things are starting to look ugly one more time. Greece is on the verge of default (91% chance of probability according to some reports) - but this is no longer news. Especially ... |
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