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Euro up, stock markets mixed after votes in France and Greece

French and Greek Elections

Investors nervous about the changing political winds in Europe initially drove down the euro and sent stock markets falling across the region Monday morning, though markets were bouncing back later in the day following renewed signs of strength in the German economy.

Senh: "On one hand, a number of economists and politicians including Hollande have argued that a single-minded focus on cuts has done more harm than good, driving a number of the region’s economies into recession and sending unemployment soaring. They argue that fiscal restraint should now be paired with new policies also aimed at fueling growth." This is Barack Obama's been doing for the last three and a half years. I guess the French approves of how that's been going to vote in someone who wants to do the same.

 

Emergency session held to rescue Greece from debt

European leaders are holding an emergency summit on Greece's debt crisis, trying to prevent a meltdown for the euro and a global economic slump.

 

Stocks tumble as euro drops, jobless claims rise

Stocks tumble as euro drops, jobless claims rise

The stock market tumbled again Thursday after another drop in the euro and disappointing U.S. employment news darkened investors already bleak view of the world economy. Interest rates fell sharply in the Treasury market as investors once again sought the safety of U.S. government debt.

 

G7 talk on Greece fails to soothe investors, euro dips

The euro and growth-linked currencies fell Monday as investors unwound risky trades amid growing worries about eurozone's debt problems, dismissing assurances from European finance ministers at the weekend.

 

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