iBankCoin
Joined Nov 11, 2007
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Analysts: No Lasting Rally Until EU Takes Bold Action

“A relief rally that gathered steam on Monday lasted less than an hour in Europe as investors weighed a Greek election result seen as reducing the risk of a euro exit against concerns over Spain’s high levels of debt.

Analysts told CNBC.com the collapse of the relief rally was hardly a surprise, and blamed at least four different factors. They singled one out in particular: lack of leadership in Europe.”

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