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| Deutsch: Dr. Angela Merkel Bundeskanzlerin der Bundesrepublik Deutschland Vorsitzende der CDU Deutschlands (Photo credit: Wikipedia) |
And if remarks Wednesday by Chancellor Angela Merkel could be construed as a potential softening of Germany’s fiscal hard line toward Athens, a defiant response Thursday from Greece’s ascendant leftist leader indicated that few compromises on his country’s debt obligations were likely before elections next month.
But Spain, not Greece, was the flash point Thursday.
Investors bailed out of the stock of its biggest home-mortgage lender, Bankia, with shares down 29 percent at one point in the day before closing with a 14 percent loss. And as rumors raced that depositors were pulling their money out of Bankia, Spain’s top economic official took pains to announce that a Greek-style flight from banks was not under way at the institution... Continue to read.
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