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Weak Italian Bond Auction, Euro Drops

Posted by FXalhabib on August 30th, 2011

Weak demand at the Italian bond auction is causing an uproar that the Euro Zone debt crisis is far from being over. Adding more fuel to the fire, we have an on-going bickering in the Euro Zone on how to proceed with the Greek bailout. Finland, Austria, the Netherlands, Slovenia and Slovakia are demanding collateral from Greece for more bailout funds.

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