Originally posted on Business 360:
(CNN) – The markets seem to be on summer shut-down, the likes of which I can barely remember in my career lifetime.
From eurozone data that showed growth shrinking everywhere bar Germany, to Greece saying they’ll need to extend the terms of their bailout — the market reaction is barely more than a shrug.
I doubt everyone is lounging by a pool with a cocktail, but it does seem the markets have embraced a relaxed summer mode.
Give it a week of two and the panic mongering will no doubt begin again, because Europe’s problems have not gone away.
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