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Stocks Weakened amid Renewed Greek Concerns

European markets opened with a soft tone amid warning from the S&P that Greek debts might need to be restructured again. Meanwhile, the IMF mission chief to Greece stated that Greek is undergoing an aggressive fiscal consolidation which may take a decade to complete. There comments overshadowed Italian Prime Minister Mario Monti?s comments earlier this week that the sovereign debt crisis in the Eurozone is ‘almost over’.

Stocks Weakened amid Renewed Greek Concerns

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