General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsThe 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
jpak
(41,760 posts)Like Zorro?
corrected. thanks.
elleng
(131,370 posts)I somehow don't think its AP's job to speculate.
underpants
(183,007 posts)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.
LarryNM
(493 posts)and not just Faux, will be banging their drums loud and long on this for the numb-numbs.
xchrom
(108,903 posts)BootinUp
(47,211 posts)markets will do better once they can work out new deals presumably.
Starry Messenger
(32,342 posts)Capitalism haz a sad.