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Fears grow that Greece's economic problems could undermine the stability of the Euro

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Michael BärDecember 15, 2009

Despite reassurances from Greek Prime Minister George Papandreou that measures will be undertaken to repair the country's finances, investors and ratings agencies remain unimpressed. To reflect the perceived risk of investing in Greece,10-year bond yields jumped to 5-point-75 percent Tuesday, far above those of other EU economies. Concerns over the dramatic situation in Greece have also contributed to a dramatic weakening of the single European currency- the Euro.

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