Markets advance but still unstable over Greece

Note: This section contains information in English only.
Source: Reuters
Markets improved a bit on Monday after a week of heavy losses, but despite G8's call for euro zone to stay unite, investors are still cautious. At G8 summit leaders of industrialized economies agreed to fight financial distress and revive global economy, but they did not propose any specific actions, while for the time being the main threat is coming from European debt crisis. Greeks decided to hold new elections, 16 Spanish banks were downgraded and amount of bad loans reached a new record. As analysts add these factors up, they expect investors to stay risk averse at least till June 17, when Greeks will reelect their Parliament.

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Mon, 21 May 2012 11:25:39 GMT

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Mon, 21 May 2012 11:03:39 GMT

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