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Monday, May 07, 2012

Public Verdict is in: Government spending KOs Austerity policies

Market Day - Europe to weigh heavily on markets this week: "Updated at 10:20 p.m. ET: NEW YORK -- After Wall Street's worst week of the year, U.S. stocks are facing more selling after elections in Europe swept aside leaders that had pursued strict budgetary reforms in the euro zone largely favored by investors.
S&P 500 futures fell Sunday evening after results from the Greek and French elections, with the market in line for a 1 percent fall at Monday's open.
Markets worldwide have closely watched developments in Europe, which has struggled with weak economic growth and high debt levels.
While the victory of Socialist candidate Francois Hollande in France's presidential elections had been expected, Greek voters trounced ruling parties, a surprise result that put the country's future in the euro zone at risk"

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