TSX slides on fresh Greek concerns
The Toronto stock market closed deep in the red Wednesday as commodities sold off on renewed worries that a planned bailout for Greece will fail and lead to a government debt default.
The Toronto stock market closed deep in the red Wednesday as commodities sold off on renewed worries that a planned bailout for Greece will fail and lead to a government debt default.
Greece has done its part and now the European Union must provide more rescue loans, Greece’s prime minister declared Friday after days of anti-austerity riots in Athens and fierce political battles in parliament.
Amadeu Altafaj, the spokesman for European Commissioner for economic and monetary affairs Olli Rehn, on Tuesday said that the upward revision of Greece’s deficit for 2010 was the result of a change in Eurostat’s rules for calculating member-state public deficit figures.