Markets Tumble as Greece Riots

Global stock markets continued to fall today as rioters took to the streets in Athens to protest the governments planned spending cuts and tax hikes. Greek Prime Minister George Papandreou is expected to form a new cabinet today and then force a new debt restructuring plan through the Parliament.

“The clock is counting down. The financial markets are worried about a disorderly Greek debt default,” said VTB Capital economist Neil MacKinnon.

Source: BBC News

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