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Stocks tumble as Greece teeters

Analysts now believe Greeks likely to default

Global stocks hit a 15-month low Tuesday amid new fears of a Greek default. Shares of Dexia, a Franco-Belgian bank heavily exposed to Greece, dropped as much as 37 per cent on top of a 10 per cent drop Monday. Many analysts now believe Greece will default at some point. The market is only now fully pricing those expectations in.

Reuters

 

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