As the first deaths are reported in the anti-austerity riots in Greece, selloff activity is increasing as investors have doubts about the EU's ability to contain what could be a domino effect of national defaults on bonds and other instruments. If I were George Soros, I would be shorting the euro, as I believe it has been overvalued for the past several years.
Business Week ran an article saying it's not just Europeans who are feeling jittery - the European crisis is sending shock waves to America.
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