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Three things about Greece you need to know
A lot of investors are looking at Greece on Wednesday and seeing shadows of the financial crisis. Greek stocks took their worst beating since the height of the eurozone crisis on Wednesday. The country's 10-year borrowing costs shot up by more than 80 basis points to 7.85 percent. News out of Greece helped pull down European stocks across the board. So how bad is it? What follows are three important questions that investors will want answered: Although Greece still has a lot of debt, most of it is deferred debt, and remaining interest payments are extremely low. Beyond that, most of the debt is owed to other ... (full story)