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Euro and stocks drop as Greece worries build

Posted June 17th, 2011 at 01:11 AM by henjia45
(Reuters) - The euro fell on Friday, with investors still largely unconvinced<a href="" title="pandora bracelets"><strong>pandora bracelets</strong></a> 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 <a href="" title="pandora bracelets"><strong>pandora bracelets</strong></a>struggling to form a coalition government to push through unpopular austerity reforms, has become a focal<a href="" title="pandora sale"><strong>pandora sale</strong></a> 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 economic<a href="" title="louboutin shoes"><strong>louboutin shoes</strong></a> 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 Greece<a href="" title="coach factory outlet"><strong>coach factory outlet</strong></a>, but any benefits from his comments quickly faded by the Asian session, where investors kept reducing exposure to risks.
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