Optimism Evaporated as Bailout Unable to Resolve Crisis. Worries over Capital Control Raised

Market sentiment buoyed by Spanish bailout turned out to be short-lived as investors realized that the sovereign debt crisis in the Eurozone would not be resolved only with the financial assistance. The market was disappointed as Atlanta Fed President Lockhart stated that he was "not quite convinced that current circumstances call for additional action".

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Optimism Evaporated as Bailout Unable to Resolve Crisis. Worries over Capital Control Raised