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Euro and stocks drop as Greece worries build

Posted June 17th, 2011 at 01:12 AM by henjia45
(Reuters) - The euro fell on Friday, with investors still largely unconvincedpandora bracelets that Greece can dodge a debt default without more political stability in Athens, keeping equity and commodity prices in a near-term downtrend. Greece, whose prime minister is pandora braceletsstruggling to form a coalition government to push through unpopular austerity reforms, has become a focalpandora sale point for investors looking for signals on whether to shed more risky assets and take defensive positions over the next few months. Olli Rehn, the European Union's top economiclouboutin shoes official, tried to soothe markets overnight with expectations that the EU and International Monetary Fund will disburse a 12 billion euro loan in early July to Greececoach factory outlet, but any benefits from his comments quickly faded by the Asian session, where investors kept reducing exposure to risks.
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