Post by Forever Sunshine on Nov 6, 2011 22:45:09 GMT -5
Europe's debt crisis and the unfolding drama in Greece have been taking stocks on a wild roller coaster for weeks, and investors better buckle up because it's far from over.
Though European leaders have agreed on a deal to bail out Greece, new questions about Greece's political future emerged.
In the span of one week, Greek Prime Minister George Papandreou called for a referendum on the bailout, only to retract that call soon after. He narrowly survived a confidence vote late Friday and by Sunday, he stood ready to resign as soon as a coalition government was put in place.
The political uncertainty risks the debt ridden country's ability to secure its next bailout payment in time to avoid a default, said Kathy Lien, director of currency research at Global Forex Trading.
money.cnn.com/2011/11/06/markets/stocks_lookahead/index.htm?source=cnn_bin
Though European leaders have agreed on a deal to bail out Greece, new questions about Greece's political future emerged.
In the span of one week, Greek Prime Minister George Papandreou called for a referendum on the bailout, only to retract that call soon after. He narrowly survived a confidence vote late Friday and by Sunday, he stood ready to resign as soon as a coalition government was put in place.
The political uncertainty risks the debt ridden country's ability to secure its next bailout payment in time to avoid a default, said Kathy Lien, director of currency research at Global Forex Trading.
money.cnn.com/2011/11/06/markets/stocks_lookahead/index.htm?source=cnn_bin
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Crap, the Name Escapes Me 
