Greek Economy Shrinks

Filed in Debt, economy, euro, New Gold, recession, South African Gold, Spot Gold by on September 8, 2010 0 Comments

Filed under: International Markets , Economic Data , Recession U.S. markets sold off Tuesday amid fears of European debt defaults. On Wednesday, news that Greece’s economy shrank by 1.8% in the second quarter didn’t help ease those concerns. Back in June, Greece was the center of a potential default crisis. The European Central Bank was forced to provide the member country with $140 billion in bailout funds. The bailout was orchestrated with the International Monetary Fund. Under the terms of the agreement, Greece was forced to impose austerity measures such as cutting public sector expenditures. Continue reading Greek Economy Shrinks Greek Economy Shrinks originally appeared on BloggingStocks on Wed, 08 Sep 2010 11:20:00 EST. Please see our terms for use of feeds . Read | Permalink | Email this | Comments

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Greek Economy Shrinks

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