In this July 18, 2011 photo, specialist William Krumm works at his post on the floor of the New York Stock Exchange. World stock markets climbed Friday, July 22, 2011, as investors signaled their approval of a massive new bailout plan for Greece and broader measures to tackle the continent's debt problems.
In this July 18, 2011 photo, specialist William Krumm works at his post on the floor of the New York Stock Exchange. World stock markets climbed Friday, July 22, 2011, as investors signaled their approval of a massive new bailout plan for Greece and broader measures to tackle the continent's debt problems.
Photo by Associated Press /Chattanooga Times Free Press .
published Friday, August 12th, 2011
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NEW YORK -- Europe took the financial world on a stomach-churning ride in 2011. The rising threat of default by heavily indebted European countries spread fear across financial markets and weighed on economies worldwide. As the year came to a close, banks and investors nervously watched Europe's political and financial leaders scramble to prevent the 17-nation eurozone from breaking apart.

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