Greeced Lightning Strikes Twice, China's Great Economy Hits a Wall

Mar 06, 2012 17:31



CNBCStocks Log Biggest Drop in 2012 on Greek Woes

Stocks closed sharply lower Tuesday, with the Dow posting its first triple-digit decline in 2012, fueled by fears over a Greek default and amid economic growth concerns...

The Dow Jones Industrial Average dropped 203.66 points, or 1.57 percent, to close at 12,759.15, logging its biggest decline since November 23...

The Dow's recent streak without a triple-digit decline was the longest since 2006...

The Globe And MailStocks slide on fears of Greek default, slowing China growth

Markets fell sharply on Tuesday, handing stock investors their worst day in months on renewed fears of a disorderly default in Greece and concerns that China’s slowdown would hit global growth...

A group representing Greek bondholders warned a default could cause more than €1-trillion ($1.3-trillion U.S.) of damage to the region. Creditors have until Thursday night to accept a bond swap in which they would lose almost three-quarters of the value of their bonds.

global financial trainwreck of 2007-?, greece, sovereign debt crisis, china, piigs

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