Wednesday, December 9, 2009

Fears over Greece and Dubai weigh on nervous markets

from the FT
"12:10 GMT. Weak Japanese economic data combined with continued concerns about debt-laden Greece and Dubai to keep global bourses in cautious mood on Wednesday.....The Athens stock market fell another 2.2 per cent and Greek government bonds tumbled as traders’ fears about the country’s fiscal position persisted following Fitch’s downgrade of Greece’s sovereign debt on Tuesday."...etc

Not a big surprise.  See,   Dubai Not Unique

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