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Sun May 6, 2012, 07:19 PM

The people have actually spoken (France and Greece) - the market no likey

Markets could stumble after France, Greece votes

By DANIEL WAGNER, AP Business Writer 12 minutes ago

WASHINGTON (AP) Financial markets will likely stumble this week after elections in Greece and France cast a pall of uncertainty over Europe's efforts to solve its debt crisis.

Greek voters on Sunday voted mostly for two parties that want to change the nation's international bailout terms or even overturn the rescue deal, according to early projections of the election results. Greece won't have a government until parties with divergent worldviews can form a governing coalition.

Greek voters are reacting against spending cuts imposed on the recession-weary nation by the international lenders whose bailouts are keeping it afloat.

French President Nicolas Sarkozy lost in a runoff election to Socialist candidate Francois Hollande. Hollande has criticized France's austerity program and wants to encourage growth by boosting government spending.

http://www.google.com/hostednews/ap/article/ALeqM5iZYkbm3VQrG4m7YeQHY3THzA7bjg?docId=65326b050d1b4ca69f92df3861e57aab

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Always highlight: 10 newest replies | Replies posted after I mark a forum
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Reply The people have actually spoken (France and Greece) - the market no likey (Original post)
underpants May 2012 OP
jpak May 2012 #1
underpants May 2012 #2
elleng May 2012 #3
underpants May 2012 #5
LarryNM May 2012 #8
xchrom May 2012 #4
BootinUp May 2012 #6
Starry Messenger May 2012 #7

Response to underpants (Original post)

Sun May 6, 2012, 07:21 PM

1. marker?

Like Zorro?

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Response to jpak (Reply #1)

Sun May 6, 2012, 07:24 PM

2. markeT

corrected. thanks.

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Response to underpants (Original post)

Sun May 6, 2012, 07:37 PM

3. Nice of AP to tell us that 'financial markets will likely stumble this week,' right?

I somehow don't think its AP's job to speculate.

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Response to elleng (Reply #3)

Sun May 6, 2012, 07:43 PM

5. I suspect that a story like this is posted to justiify the result

there will be stories (and they are STORIES) tomorrow that use this as a justification of the market's (worldwide) action.

BTW - the reason for all of this is the market.

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Response to underpants (Reply #5)

Sun May 6, 2012, 08:26 PM

8. The Whores in the Corporatist Media

and not just Faux, will be banging their drums loud and long on this for the numb-numbs.

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Response to underpants (Original post)

Sun May 6, 2012, 07:38 PM

4. I feel bad for them...

No I don't.

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Response to underpants (Original post)

Sun May 6, 2012, 07:48 PM

6. it was never going to be solved with austerity.

markets will do better once they can work out new deals presumably.

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Response to underpants (Original post)

Sun May 6, 2012, 07:50 PM

7. WSJ and Bloomberg are predicting doom too.

Capitalism haz a sad.

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