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’.

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Stocks Weakened amid Renewed Greek Concerns