Greece finds itself in a “peculiar” situation, stocks down

2011-11-03 16:49:00

Referendum in Greece is scheduled for the beginning of December and it is turning eventually into the decision whether Greece remains member of
Eurozone, with the same currency and privileges. European leaders were straight forward as they stated that political decision made by the current
government of Greece is highly irresponsible and is not understood by any of the parties. The uncertainty about what lies ahead for the European
Union -- the world's largest economic grouping -- as well as the subset of nations that use the euro common currency hit stock markets hard as new
wave of uncertainty brought down positions of the companies. In short term downward trend will continue until the final decision is made by the
Greek nation.