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Low Volume Day Highlighted by Italian Political Turmoil
MINYANVILLE ORIGINAL Early action in US trading was highlighted by an announcement that stand-in technocrat Italian Prime Minister Mario Monti would be resigning shortly. This would open the door for previous PM Silvio Berlusconi to regain control through this position. Last year Berlusconi stepped down amidst skyrocketing debt levels and an economic slowdown. Italian stocks and bonds came under considerable pressure as the reforms that Monti had pushed through had caused the economic decline in Italy to stabilize. Greece is extending its buyback offer to private bondholders until tomorrow at noon London time (7 a.m. EST). Before today Greece ...
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