Wednesday 14 September 2011

Is default the next Greek tragedy?

NEW YORK (CNNMoney) -- The top grossing film at the box office this past weekend was a movie called "Contagion." It's a horror story. But no, it's not about the European debt crisis.
Stocks plunged in Europe Monday. Fears of a potential Greek default continued to scare investors following reports that German banks were preparing for such a possibility.

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