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Country Debt Woes for the "PIIGS"? Country Stock ETFs Are Also Getting Killed

BY GARY GORDON | FEBRUARY 05, 2010 | 4:51 PM | 1 COMMENT

A European country is struggling to rein in its swelling budget deficit. It chooses to sell additional treasury bonds to fund its spending needs/desires. The European Commission doesn't like the direction its member country is heading with that rising deficit. So the group publicly pressures the member country to act more responsibly.

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