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Market fear from the 2008 financial crisis has made traders doubt actions taken by European governments to reduce budget deficits, according to Greek Prime Minister George Papandreou. Speaking to reports after a meeting in Brussels, the lawmaker said that markets are not responding to actions taken to stabilize the financial system because markets are risk averse. Nevertheless, Europe is on a better path, he added. The comments don’t say anything new. But they do suggest some room for optimism down the road.
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