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Friday, December 18, 2009

CRISIS: Greece is in liquidation right now

Greece pledged on Thursday to sell off state assets and make deeper deficit cuts, as bonds and bank stocks took another hammering and communist strikers marched on parliament in protest at austerity plans.

The risk premium on 10-year government bonds over benchmark German Bunds hit its highest level since April after a second credit rating downgrade in a week highlighted a lack of trust in a country set to become the euro zone's most indebted next year.

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THE MONEY MARKET

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