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Fox Business Perspectives
Claman on Call
Emac's Bottom Line
Oil prices tumbled their most in three months on Monday, with U.S. crude falling 6 percent, after Greece's rejection of debt bailout terms and China's rolling out of emergency measures to support its stock markets shook global markets.
The ongoing Greece debt drama isn’t likely to cause a contagion throughout Europe and overseas. Nor is it viewed as a likely catalyst for a prolonged stock market tailspin.
Greece's combative finance minister resigned on Monday and was replaced with the chief negotiator in aid talks with international creditors, Euclid Tsakalotos, a soft-spoken academic economist.
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