While you were sleeping Stocks drop on Greece worry

Mon, 12 Nov 2012

By Margreet Dietz Nov 13 (BusinessDesk) - Equities sank as European finance chiefs met to discuss Greece's newly approved 2013 budget that is seeking to appease conditions by international lenders to secure more funds and avoid defaulting on its debt. A decision on releasing fresh funds is unlikely to be made today. A draft document from the European Central Bank, the European Commission and the International Monetary Fund, known as the troika, was obtained by Bloomberg News. Giving Greece a two-year extension to meet budget targets would ea...

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