Guardian Live: Reports that Stock Markets in the UK, France, Spain and Germany are down between 1% and 2%. The lack of a clear plan on how to deal with Greece is starting to have a corrosive effect on the Markets, also Greece is not hitting its austerity targets, thus the contagion that the bailouts were planned to stop has failed, it does seem it will be sooner to a Greek default, the only question will it be managed or unplanned, thus far hard to say folks.
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