With China slowing, the US slowing, and much of the rest of Europe in widely-recognized contraction, the vaunted German export machine has a shrinking pool of able and willing buyers.
To the chagrin of European Union negotiators, the Greek government of Prime Minister George Papandreou has decided to ask the Greek public to give its yea or nay regarding the terms of the European Union's latest bailout agreement.
One thing we know is Papandreou's call for a vote of confidence is on. We also know his fragile coalition holds an extremely slim 3 margin majority in Parliament.
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